Eurostat: Romania, significant advance in Q1 among EU28

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Seasonally adjusted GDP rose by 0.4% in the euro area (EA19) and by 0.5% in the EU28during the first quarter of 2019, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union.

In the fourth quarter of 2018, GDP had grown by 0.2% in the euro area and by 0.3% in the EU28. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.2% in the euro area and by 1.5%  in  the EU28 in the first quarter of 2019, after also +1.2% and +1.5% respectively in the fourth quarter 2018. During the first quarter of 2019, GDP in the United States increased by 0.8% compared with the previous quarter (after +0.5% in the fourth quarter of 2018). Compared with the same quarter of the previous year, GDP grew by 3.2% (after +3.0% in the previous quarter).

According to Eurostat’s preliminary figures, Hungary (5.2%), Romania (5.1%) and Poland (4.6%) registered in Q1 2019 the most significant economic advance in the EU, against the similar period in 2018. No data are available from Estonia, Ireland, Greece, Croatia, Luxemburg, Malta, Slovenia and Sweden.

The largest quarterly advance in the EU, during January-March 2019, was registered in Hungary (1.5%), Poland (1.4%) and Romania (1.3%).

The number of employed persons increased by 0.3% in both the euro area and the EU28 in the first quarter of 2019, compared with the previous quarter. In the fourth quarter of 2018, employment had grown by 0.3% in the euro area and 0.2% in the EU28. Compared with the same quarter of the previous year, employment increased by 1.3% in the euro area and by 1.1% in the EU28 in the first quarter of 2019,after +1.3% and +1.2% respectively in the fourth quarter of 2018. These data provide a picture of labour input consistent with the output and income measure of national accounts.

The Gross Domestic Product (GDP) grew by 5% in Q1 this year as compared with the same period last year, and by 1.3% against the previous quarter, the National Institute of Statistics (INS) has informed on Wednesday.

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