Romania GDP Growth 0.2% in Q3
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Romania's economy grew 0.2% year-on-year in the third quarter of 2023, compared to a 3.8% increase in the same quarter of 2022, the National Institute of Statistics (INS) said on Tuesday, citing non-adjusted flash data.
This marked the 10th consecutive period of expansion, but the softest in sequence.
On a seasonally adjusted annual comparison basis, gross domestic product (GDP) increased by 2.1% in the Q3, compared to a 4.2% real growth in the third quarter of 2022, according to the Bucharest-based statistics agency.
On a seasonally adjusted quarterly basis, the country's economy rose 0.4% in the Q3, decelerating from a revised 1.3% rise in the previous quarter.
A separate report showed, that Romania's industrial production in shrank 4.2% year-on-year in September, following a downwardly revised 5.2% decline in the previous month. It was the eleventh straight month of contraction. On a monthly basis, industrial output grew 0.7%, after being flat in August.
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