Romania’s Q4 preliminary GDP 4.6% y/y, confirms flash estimate

(Reuters) – Romania’s economy rose 4.6% on the year in the fourth quarter, the National Statistics Board (INS) said on Wednesday, confirming a flash estimate of 4.6%, while domestic consumption was up 2.5% year-on-year.

On a quarterly basis, GDP rose 1.0% in seasonally adjusted terms, data showed, slightly below the initial figure.

Q4 (Y/Y) Q4 (Q/Q)

Real GDP 4.6 1.0

Final consumption 2.5 3.1

Gross fixed capital formation 16.2 2.0

Exports of goods and services 1.7 -3.3

Imports of goods and services 3.3 -9.7

Agriculture -14.8 -9.1

Industry -3.6 -0.6

Construction 15.2 4.2

* Quarter-on-quarter data is seasonally adjusted.

(Reporting by Patrycja Zaras and Adrianna Ebert in Gdansk)