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4.3% economic growth in Q3 confirmed by INS

The National Statistics Institute (INS) has confirmed on Friday the estimates released at mid-November regarding the 4.3% economic growth, as gross series, in Q3 against the same period last year.

Thus, in Q3 2018, the GDP increased by 4.3% as gross series and by 4.1% as seasonally adjusted series against Q3 2017.

Against Q2, the GDP in Q3 grew by 1.9% in real terms.

“The Gross Domestic Product – as seasonally adjusted figures – estimated for Q3 was of RON 238.765 billion in current prices, up in real terms by 1.9% against Q2 2018 and by 4.1% against Q3 2018,” the INS release reads.

In the first nine months of the year, the GDP grew by 4.2% as gross series and as seasonally adjusted series, as compared to the same period last year.

 

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