Romania's Q1 growth accelerates as estimated
2013-07-04 10:23:31
The Romanian economy expanded at a faster rate in the first quarter, and the growth rate matched the previous estimates, final data released by the National Institute of Statistics showed Thursday.
Gross domestic product, on an unadjusted basis, increased 2.2 percent on an annual basis in the three months ended March, in line with the preliminary estimates. The growth rate was bigger than fourth quarter's 1.1 percent.
Quarter-over-quarter, the economy grew a seasonally adjusted 0.6 percent in the first quarter, after recording a 0.9 percent gain in the final three months of 2012. The previous estimates were for a 0.7 percent sequential expansion.
On a working-day adjusted basis, GDP increased 1.9 percent in the first quarter, slower than the 2.2 percent growth estimated earlier, data showed.