Romania's Economy Grows 0.5% In First Quarter

05.15.2013 By Florentina Dragu

Romania’s gross domestic product expanded 0.5% in the first quarter, after an increase of 0.4% in the previous three months, a flash estimate of the country’s statistics institute showed Wednesday.

Seasonally adjusted data showed the economy increased 1.4% in the first quarter from the same period of 2012. In unadjusted data, the annual growth was 2.1%.

Detailed figures for the first-quarter GDP are due for release June 5.

Romania expects the economy will advance by 1.6% in 2013, after an increase of 0.7% a year earlier, helped by consumer spending and investment growth.