Financial News: Romanian GDP Expands At Slower Pace, Inflation Eases

Romanian GDP Expands At Slower Pace, Inflation Eases Slightly

02/14/2025 - 07:06:00 (RTTNews)

(RTTNews) - Romania's economic growth moderated in the final quarter of 2024, preliminary data from the statistical office showed on Friday.

Separate official data showed that consumer price inflation eased for the first time in four months in January.

On an unadjusted basis, GDP expanded 0.7 percent annually in the December quarter, slower than the 1.2 percent rise in the preceding three-month period.

Meanwhile, seasonally adjusted GDP rebounded 0.7 percent yearly in the fourth quarter, following a 0.1 percent contraction in the third quarter.

Compared to the previous quarter, GDP rose a seasonally adjusted 0.8 percent in the fourth quarter, after rising 0.1 in the previous quarter.

In 2024, GDP increased by 0.9 percent as compared to 2023, the agency said.

The second estimate is set to be published on March 7.

Another official data point showed that consumer price inflation eased to 5.0 percent in January from 5.1 percent in December.

Costs for services grew the most by 6.5 percent from last year, followed by prices for non-food goods by 4.6 percent. Food prices alone showed an increase of 4.5 percent.

On a monthly basis, consumer prices moved up 0.9 percent in January versus a 0.3 percent gain in December.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Moldova GDP Falls Further In Q4 (01 hr(s), 45 min(s), 40 sec(s) ago)
(RTTNews) - The Moldovan economy shrunk for a second straight quarter in the final three months of ...Full Story»

Croatia Prices Rise More Than Expected In February (02 hr(s), 05 min(s), 40 sec(s) ago)
(RTTNews) - Consumer prices in Croatia rose more than initially expected in February, but the rate ...Full Story»

U.S. Business Inventories Rise In Line With Estimates In January (02 hr(s), 49 min(s), 40 sec(s) ago)
(RTTNews) - Business inventories in the U.S. increased in line with economist estimates in the mon ...Full Story»

U.S. Homebuilder Confidence Slumps To Seven-Month Low In March (03 hr(s), 24 min(s), 40 sec(s) ago)
(RTTNews) - A report released by the National Association of Home Builders on Monday showed a cont ...Full Story»

New York Manufacturing Activity Drops Significantly In March (03 hr(s), 40 min(s), 40 sec(s) ago)
(RTTNews) - The Federal Reserve Bank of New York released a report on Monday showing regional manu ...Full Story»

U.S. Retail Sales Rebound In February But Much Less Than Expected (03 hr(s), 43 min(s), 40 sec(s) ago)
(RTTNews) - After reporting a notable decrease by U.S. retail sales in the previous month, the Com ...Full Story»

Bulgaria Inflation Rises To 4.0%, Highest In 14 Months (04 hr(s), 47 min(s), 40 sec(s) ago)
(RTTNews) - Bulgaria's consumer price inflation accelerated further in February to the highest ...Full Story»

New York Manufacturing Index Plunges Much More Than Expected In March (05 hr(s), 14 min(s), 40 sec(s) ago)
(RTTNews) - The Federal Reserve Bank of New York released a report on Monday showing regional manu ...Full Story»