Romania flash Q4 GDP up 3.7pc y/y, a touch below expectations

12 Feb, 2016

BUCHAREST: Romania's economy grew 3.7 percent on the year in the fourth quarter of 2015, slightly below market expectations, a flash estimate from the national statistics board showed on Friday.

Analysts polled by Reuters expected the economy to rise 3.8 percent on the year.

On a quarterly basis, gross domestic product advanced 1.1 percent in seasonally adjusted terms, data showed.

The national statistics board revised third-quarter GDP up to 1.5 percent quarter-on-quarter from 1.4 percent initially.

Analysts have said a lot of the growth would be fuelled by consumption, as value added tax for food was cut last year and wages saw double-digit advances.

A breakdown of second-quarter data is expected on March 8.

The economy grew 3.7 percent overall in 2015, in line with analysts' expectations.

Copyright Reuters, 2016

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