Romania confirms 2.4% y/y GDP growth in Q2
Romania’s GDP expressed in comparable prices picked up by 1.2% q/q (seasonally and calendar adjusted terms) and by 2.4% y/y (not adjusted data) in Q2, to EUR 89.5 billion, the statistics office INS announced on September 5, confirming the…
iulian ernst · Journalist
· Updated · 2 min read
Romania’s GDP expressed in comparable prices picked up by 1.2% q/q (seasonally and calendar adjusted terms) and by 2.4% y/y (not adjusted data) in Q2, to EUR 89.5 billion, the statistics office INS announced on September 5, confirming the flash data issued on August 14. The GDP in the rolling four quarters hit EUR 365 billion.
The economic growth rate strengthened after several consecutive weak quarters, from 0.1% q/q and 0.5% y/y in Q1. This resulted in a 1.5% y/y growth (1.4% y/y adjusted for workdays) for the first half of the year, which is nearly double the 0.8% y/y economic growth last year.
