Romania’s GDP was up 5.8 pct in unadjusted terms in H1 2017 from the same period of the year before, the National Statistics Institute (INS) said in release this Wednesday.
As seasonally adjusted series, the economic growth was 5.7 pct.
In a YoY comparison, the economic growth in Q2 2017 was 5.9 pct up in unadjusted terms and 5.7 pct higher in seasonally adjusted terms, respectively.
In seasonally adjusted terms the GDP was 1.6 pct higher in Q2 compared to the previous quarter.
“Following the revision of the estimated GDP for Q2 2017 in the quarterly estimates, the seasonally adjusted series was recalculated with the volume indices revised from the second provisional version of the GDP for Q1 2017, as published in the release of July 7, 2017. Consequently, the results of Q1 2017 as referenced to Q4 2016 have been revised from 101.7 pct to 101.8 pct,” the cited source said.
PM Tudose: Romania on positive trend we want to maintain
Romania is on a positive trend that we want to maintain, Prime Minister Mihai Tudose says, referring to the information issued on Wednesday by the National Institute of Statistics.
“The National Institute of Statistics announced today [Wednesday – ed.n.] that Romania has a 5.9 percent economic growth in the second quarter of 2017, above the first quarter’s 5.7 percent figure. It is a solid economic growth, coming from the 8 percent strong increase of the industrial output and from services. A significant contribution also comes from high and medium value-added high-tech sectors,” Tudose wrote on Wednesday on Facebook.
According to the head of the Executive, in the first seven months of this year, the average level of confidence in the economy was 105.1 points, rising significantly as compared to the 103.2 points Y-o-Y.
“There are good results, which confirm that Romania is on a positive trend that we want to maintain,” Tudose further said.
Grindeanu: Official statistics prove assessment that triggered Gov’t ousting had nothing to do with reality
The figures released on Wednesday by the National Institute of Statistics (INS) are the best proof that the assessment that triggered the fall of the government had nothing to do with reality, says former PM Sorin Grindeanu.
“The figures released today by INS are the best proof that the assessment that triggered the ousting of the Grindeanu government had nothing to do with reality. But why bother with truth?” Grindeanu wrote on Facebook on Wednesday.