Romanian industry inches up by 5.9 percent in Q2, constructions decline by 8.3 percent

According to data from the National Institute of Statistics (INS) the Romanian GDP went up by 0.3 percent against the first quarter of 2010 but declined by 0.5 percent against Q2 2009.

The Romanian industry registered the highest increase (5.9 percent) while constructions declined by 8.3 percent. Other declines were registered by trade, the hospitality industry, transports and telecommunication (-4.2 percent) and other services (-2.7 percent).

According to the same source consumption went down by 0.7 percent as private consumption declined by 0.4 and that of the public administration by 2 percent.

Simona Bazavan

Read more about

iBanFirst Forecast 2024: Romanian economy will grow by 2.7%, inflation will hover around 5%

read more