BUSINESS

INS: Investments up by 15.3 pc in Q3

Investments in the economy grew by 15.3 per cent in Q3 compared to the same period last year, and by 2.7 per cent in the first nine months, the National Statistics Institute (INS) announced on Friday. Growth in investments was registered in all sectors: equipments, including means of transportation (+35.6 per cent), other expenditures (+9.4 per cent), new construction works (+3.8 per cent). The share of investments in new construction works in total investments dropped by 4.5 per cent, while that of investments in expenditures dropped by 0.7 per cent. The share of investments in equipments (including in means of transportation) grew by 5.2 per cent.

Investments in new construction works totaled RON 20.301 bln in the first nine months, representing 51.1 per cent of total investments, compared to 52.6 per cent in the same period last year. Investments in equipments and means of transportation totaled RON 15.757 bln, representing 39.7 per cent of the totaled, compared to 37.7 per cent in the same period last year. Large investments were registered in the industry and commerce/services sectors.

Moreover, overall industrial production prices (on both internal and external markets) grew in October by 0.4 per cent compared to the previous month and by 8.4 per cent compared to the same month last year. Ordered by destination, industrial production prices for the internal market grew by 0.3 per cent compared to September, while industrial production prices for the external market grew by 0.6 per cent.

The unemployment rate calculated on the basis of ILB methodology, stood at an estimated 7.3 per cent in September (seasonally adjusted form), down by 0.4 per cent compared to September, but up by 0.1 per cent compared to the same time last year. The number of unemployed persons (aged 15-74) was estimated at 727,000 for October, down from the 755,000 figure registered the month before and slightly up from the 723,000 figure registered in the same month last year. Ordered by gender, the unemployment rate among men is higher by 1.7 per cent than the unemployment rate among women. Thus the unemployment rate stands at 8.1 per cent for men and 6.4 per cent for women.

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