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Romania's Q3 GDP growth slows to 4.3% y/y - provisional data

Romania's Q3 GDP growth slows to 4.3% y/y - provisional data Romania GDP, budget

BUCHAREST (Romania), December 7 (SeeNews) - Romania's economic growth slowed to 4.3% year-on-year in the third quarter of 2018, from 8.8% in the like quarter of 2017, non-adjusted provisional data of the country's statistical board indicated on Friday.

The data confirms earlier flash estimates.

Final household consumption volume rose by 3.8% in the third quarter of the year, INS data showed.

The agricultural sector output grew by 14.5%, while gross fixed capital formation increased 2.9%. The industrial sector output added 4.4%, while construction was down by 8.5%.

Imports of goods and services increased 6.5%, while exports grew 2.8% in the third quarter of 2018.

Compared to the second quarter, Romania's GDP increased by 1.9%

On a seasonally adjusted annual comparison basis, Romania's gross domestic product (GDP) growth decelerated to 4.1% from 8.4% in the third quarter of last year, INS data showed.

Economic growth of 4.5% and budget deficit equivalent to 2.96% of GDP are forecast in Romania's 2018 state budget.

Romania's economy expanded by 6.9% year-on-year in 2017.

(1 euro = 4.6556 lei)

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