Romania confirms Q3 economic growth driven by constructions and agriculture

Romania’s statistics office confirmed the 1.6% GDP growth (+1.2% y/y under the chain-linked volume or CLV methodology used by Eurostat) for the third quarter of the year (Q3), half of which was the result of outstanding activity reported in construction. The positive base effects in agriculture (weak crops last year) and marginal improvement in industry also contributed.

Detailed Q3 GDP data revealed several positive developments: a modest recovery in domestic demand for both consumption and investments after two difficult quarters marked by uncertainty, the share of the domestic demand covered as net imports of goods and services was the lowest since 2020, and the industry marked one of the rare positive contributions on the GDP production side.