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Romania's Q3 GDP growth slows to 3% y/y - provisional data

Romania's Q3 GDP growth slows to 3% y/y - provisional data Source: SeeNews

BUCHAREST (Romania), January 14 (SeeNews) - Romania's economic growth decelerated to 3.0% year-on-year in the third quarter of last year, compared to a revised 4.5% annual increase in the like period of 2018, non-adjusted provisional data by the national statistical board, INS, indicated on Tuesday.

On a seasonally adjusted annual comparison basis, Romania's gross domestic product (GDP) growth slowed down to an annual 3.2% in the third quarter of last year, from a revised 4.3% in the third quarter of 2018, INS data showed.

On a quarterly comparison basis, GDP growth slowed down to a revised 0.5% in July-September of 2019, compared to 0.8% growth in April-June.

Consumption growth was revised to 3.9% from a previous estimate of 4.5%. 

In the first nine months of 2019, Romania's GDP rose on an annual comparison basis by non-adjusted 4.0% and by seasonally-adjusted 4.1%, provisional data showed.
 
Romania Q3 2019 GDP y/y pct change
- Final consumption 3.9
- Exports 4.2
- Imports 9.0
- Agriculture -5.5
- Industry -2.7
- Construction  18.7
Total 3.0

Earlier this month, the World Bank said it has raised Romania's economic growth forecast for 2019 to 3.9%, up from 3.6% it had predicted in June but down from 4% expansion in 2018.

(1 euro = 4.7791 lei)

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