INS revises the GDP increase estimates for Q2 to 6.1pc

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The Gross Domestic Product (GDP) grew by 6.1% as gross series and by 5.9% as seasonally adjusted series in Q2 2017 as compared to Q2 2016, according to the figures released on Tuesday by the National Statistics Institute (INS).

In the first half of 2017, the GDP grew, against the same semester in 2016, by 5.9% as gross series and by 5.8% as seasonally adjusted series.

The seasonally adjusted series of the quarterly Gross Domestic Product was recalculated as a result of the revision of estimates for Q2 2017, but there were no significant differences as compared to the version released on September 5, 2017.

The GDP, as gross series, estimated for H1 2017, was of RON 361,721.4 million in current prices, up in real terms by 5.9% as compared to H1 2016.

As compared to the provisional estimates, in Q2 2017 the GDP dynamics increased by 0.2 percentage points.

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