GDP up by 1.6 pc in Q1. Construction works up by 47.2 pc in March

The GDP grew in real terms in the first quarter, as compared to the last three months of 2014, by 1.6%, while compared to the same period of the previous year was higher by 4.3% unadjusted series, respectively by 4 2% seasonally adjusted.

Seasonally adjusted series of quarterly Gross Domestic Product was recalculated following the inclusion of estimates for the first quarter of 2015, being revised against the version published in April, an INS release informs.

Following the revision of gross series by including the GDP estimate for Q1 2015 in the quarterly series, the seasonally adjusted series was recalculated, the volume indexes being revised against the provisional second version of the Gross Domestic Product for the fourth quarter 2014 published in the press release no. 81 of April 7, 2015.

Thus: – the results of the first quarter 2014, compared to the ones in the fourth quarter 2013 were revised from 100.3% to 100.1%; – The results of the second quarter 2014 compared to first quarter 2014 have not changed; – The results of the third quarter 2014 compared to the second quarter 2014 were revised from 102.1% to 102.2%; – The results of the fourth quarter 2014 compared to third quarter 2014 have been revised from 100.7% to 101.0%,” reads the INS release.

Construction works up by 47.2 pc in March

The volume of construction works increased in March 2015 as compared to the previous month as gross series by 47.2%, growth revealed also by capital repair works by 136.8%, by new construction works by 43.1% and work maintenance and repairs by 28.3%, the National Statistics Institute published on Wednesday show.

Eurostat: Romania and Cyprus, highest growths


According to Eurostat preliminary estimates released on Wednesday, Romania and Cyprus top the rankings of economic growth with 1.6 percent in Q1 2015 as compared to the previous quarter. They are followed by Spain si Bulgaria (0.9%), Slovakia (0.8%), France and Hungary (0,6%), the Netherlands, Portugal and Latvia (0.4%), Belgium, Germany, Italia and the UK (0.3%) and Austria (0.1%).

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