Romania’s gross domestic product grew 3.3% against the same quarter of last year, revised slightly up from the statistics institute previous reading of 3.2%, and 3.7% in adjusted data. In the first quarter, Romania posted economic growth of 4.3%, and 3.8% in adjusted data.
In the first half, Romania’s economy grew 3.7% (3.8% in seasonally adjusted data) against the same period of 2014.
Net exports slowed down economic growth, as while exports rose 6.3%, imports rose 9.6%, the data showed.
Nearly all sectors of activity contributed to GDP growth in the first half of the year, as industry, which makes up for 22% of the GDP, posted growth of 2.2%, the telecom sector grew 13.8%, retail, transport and the hospitality industry posted a growth of 5.6%, and net taxes, which make up 13.6% of the GDP, grew 4.2%.
Growth was also driven by consumption, which rose 5.4%, the data showed.
Compared to the previous quarter, growth slowed to 0.1% in the second quarter from 1.4% in the first.