Romania’s external position improves for second consecutive month in July

Romania’s current account (CA) deficit in rolling 12 months has narrowed for the second consecutive month to EUR 32.12 billion in July, according to the data published by the National Bank of Romania (BNR). The 12-month rolling CA gap has thus narrowed by EUR 0.5 billion from June, after it previously contracted by EUR 1.4 billion in May when it leaked at EUR 34.1 billion.

The external deficit in 12 months to July is still 28% above the gap in the previous 12 months.