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Financial News: Romania Q2 GDP Growth Unrevised

Romania Q2 GDP Growth Unrevised

10/10/2018 - 04:18:00 (RTTNews)

(RTTNews) - Romania's economic growth accelerated as initially estimated in the three months ended June, latest figures from the National Institute of Statistics showed Wednesday.

Gross domestic product grew a seasonally adjusted 1.4 percent from the first quarter, when the economy expanded just 0.1 percent. That was in line with the flash data published on August 14.

On a year-on-year basis, GDP rose a seasonally adjusted 4.2 percent year-on-year after a 4.3 percent growth in the previous quarter.

On an unadjusted basis, the economy expanded 4.1 percent year-on-year following 4 percent growth in the first three months of the year. The preliminary estimate was confirmed.

On the expenditure side, total final consumption grew 2.8 percent annually, while gross fixed capital formation contracted by 1.1 percent. Both exports and imports climbed by 3.1 percent and 4.4 percent, respectively.

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