INS confirms 5% GDP growth in Q1

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The Gross Domestic Product in the first quarter of 2019 was by 1.3% higher in real terms as compared to the last quarter of the previous year and by 5% both as gross series and as seasonally adjusted series against the similar period in 2018, according to provisional data published on Monday by the National Statistics Institute (INS) reveal.

Thus, the seasonally adjusted series of the quarterly Gross Domestic Product did not change.

The seasonally adjusted data show that the estimated GDP for the first quarter of 2019 was of RON 251.236 billion in current prices, up in real terms by 1.3% against Q4 2018 and by 5% as compared to Q1 2018.

As gross series, the estimated GDP for Q1 2019 was of RON 200.384 billion in current prices, up in real terms by 5% against Q1 2018.

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