Romania's economic expansion slows in Q1

Figures

Photo by Albert Zoltan / Shutterstock.com

Romania's economy grew at a slower pace in the first quarter compared to last year, latest data from the Bucharest-based National Institute of Statistics (INS) confirmed on Tuesday.

Gross domestic product (GDP) rose a seasonally adjusted 2.8% from the previous quarter, when growth was 4.6%.

On a yearly basis, GDP was unchanged in the first quarter after a 2% decline in the previous quarter.

Output has been falling since the second quarter of last year. On an unadjusted basis, GDP decreased 0.2% from a year ago following a 0.4% fall in the fourth quarter.

The flash estimates were thus confirmed. Consumption grew an unadjusted 1.1% and investments rose 1.7%. Net exports decreased 2.6% and inventories fell 0.4%.

ADVERTISEMENT

Business confidence falls slightly in June Analysis

Business confidence falls slightly in June

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.