Romania’s GDP, a 1.6% unexpected growth in Q3

Romania’s economy registered an unanticipated improvement in Q3 over the first six months of the year. Preliminary estimations indicate a growth of 1.6% of the gross domestic product (GDP) compared with the April 1 – June 30 period, according to the statistics released earlier today by the National Institute of Statistics (INS).

‘As per the first estimations, the GDP was, in real terms, 1.6% higher in Q3 compared to Q2 (seasonally adjusted data). Compared to the same quarter in 2012, the GDP registered a growth by 4.1% both on unadjusted and seasonally adjusted series.’ is showed in the afferent report.

Also, after nine months this year, the GDP is 2.7% higher over the similar interval in 2012 considering the same segments – unadjusted and seasonally adjusted series.

Hence, Romania leads among the EU economies based on the GDPs improvement reported for Q3 according to Eurostat. So, while the average improvement rate is of 0.1% among the EU member states and double – 0.2% in the Euro zone, Romania, through the 1.6% growth recorded the most significant increase, followed by Latvia – 1.2% and the United Kingdom – 0.8%.

However, the provisional results concerning the progress of the GDP for the third quarter will be released on December 4, in accordance with INS’s statistics schedule.