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Romania's Q3 GDP growth slows to 4.4% y/y - provisional data

Romania's Q3 GDP growth slows to 4.4% y/y - provisional data Romania GDP, budget

BUCHAREST (Romania), January 11 (SeeNews) - Romania's economic growth slowed to 4.4% 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 is slightly above earlier estimates of annual gross domestic product (GDP) growth of 4.3% for the third quarter of the year.

Final household consumption volume increased by 4.4% in the third quarter of the year, revised upward from an estimated 3.8%, data of the INS statistical board showed.

The agricultural sector output grew by 12.1%, while gross fixed capital formation decreased by 1.6%. The industrial sector output added 4.4%, while construction was down by 8.5%.

Imports of goods and services increased 6.6%, while exports grew 2.5% 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 GDP growth decelerated to 4.2% from 8.3% 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 = 4.6764 lei)

 

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