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Financial News: Romania GDP Growth Expands Further In Q1

Romania GDP Growth Expands Further In Q1

06/06/2019 - 07:38:00 (RTTNews)

(RTTNews) - Romania's economy expanded at a faster pace in first quarter, after slowing in the fourth quarter, data from the National Institute of Statistics showed on Thursday.

Gross domestic product grew a seasonally adjusted 1.3 percent quarter-on-quarter in the first quarter, following a 1.0 percent increase in the fourth quarter.

On a year-on-year basis, GDP rose a seasonally adjusted 5.1 percent after a 4.0 percent expansion in the previous quarter. Economists had expected a 5.0 percent growth.

The pace of expansion was the fastest since the fourth quarter of 2017, when growth was 6.7 percent.

Non-adjusted GDP grew 5.0 percent annually following a 4.1 percent rise in the previous quarter.

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