Romaniaaa‚¬a„¢s consumption decreased by 1.7 percent of GDP on H1

Newsroom 06/09/2011 | 11:48

Consumption in Romania decreased by 0.7 percent in the second trimester of 2011, adding to the 1.7 percent decrease for the first half of 2011, according to Agerpres newswire that quotes data from the National Statistics Institute (INS).

Romania’s GDP has increased by 0.2 percent in the second trimester of 2011 versus the first trimester reaching RON 137.6 billion. The data is seasonally adjusted.
The estimate GDP value for the first semester of 2011 was RON 233.7 billion in current prices, which is a 1.6 percent increase compared to the similar period of 2010.

According to the INS, the industry sector has increased by 4.9 percent, while the agriculture sector also gained 3.4 percent. Growth rates of 0.9 percent were recorded for retail trade, car servicing, hotels and restaurants, transports and telecommunications. Activities in the financial, real estate and rental sector, together with other company services gained 0.3 percent.

The constructions industry decreased by 1.9 percent and the services industry also went down by 5.5 percent. However, the volume of taxes collected to the state budget has increased by 3.1 percent. In the second trimester of 2011, domestic demand increased by 2.4 percent compared to the similar period of 2010. The import of goods and services increased by 7.7 percent, while the export volume gained 6.3 percent in the first semester of 2011.

Ovidiu Posirca