RSS
Romanian Statistics: GDP up 1.4 pct in Q2 2014/Q2 2013, seasonally adjusted data
Romania's Gross Domestic Product (GDP) went down 1 percent in seasonally adjusted terms in the second quarter of 2014 compared to the previous quarter, but against the similar period of 2013, Romania's economy grew by 1.4 percent, according to estimated flash data released by the National Statistics Institute (INS) on Thursday.
Romania's Q2, 2014 GDP was 1.2 percent higher in unadjusted terms than in Q2, 2013.
'In H1, 2014, the GDP rose by 2.4 percent in unadjusted terms compared to H1, 2013 and by 2.6 percent, seasonally adjusted data,' the release reads.
In early July, INS revised upwards the data referring to Romania's economic growth in the first three months of 2014, from 3.8 percent to 3.9 percent, compared to the similar period of 2013, as well as those regarding the last quarter of 2013, from 0.1 percent to 0.2 percent.
At end-May 2014, the National Prognosis Commission reviewed slightly upwards the projection for Romania's economic growth in 2014 and 2015, to 2.5 percent and 2.6 percent respectively.