Macroeconomics
Romania’s Trade Deficit Widens 15.6% YoY To EUR18B In January-July 2024
Romania's trade balance posted a deficit of EUR18.03 billion in January-July 2024, higher by 15.6% compared to the same period of 2023, data from the country's statistics board INS showed on...
BCR Revises 2024 Economic Forecast For Romania Downwards
BCR, the second largest bank in Romania, has revised its 2024 economic growth forecast for the country to 1.9% from 2.6%, as previously stated. The revision of the forecast is because of the...
Statistics Board Confirms Romania's Economic Growth Of Just 0.7% YoY In H1/2024
Romania's economy edged 0.7% higher, in unadjusted data, and grew by 1.5% in seasonally adjusted data, in the first half of 2024 compared to the same period of 2023, provisional (1) estimate...
Statistics Board: Romania Retail Sales Grow 8.1% YoY In January-July 2024
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 8.1% in unadjusted data and by 7% when adjusted for seasonality and number of working da...
Statistics Board: Romania Industrial Production Prices Up 2.6% YoY In July 2024
Romania's industrial production prices for the total (domestic market and non-domestic market) rose 2.6% in July 2024 compared to July 2023, data from Romania’s National Statistics Institute...
Statistics Board: Romania's Hourly Labor Costs Up 6.7% In Q2/2024 Vs Q1/2024
Romania's hourly labor costs adjusted to the number of working days climbed 6.79% in the second quarter of 2024 compared to the first quarter of 2024, data from the country's statistics boar...
BCR PMI Index: Romania’s Industrial Activity Contracted Further In August 2024
The BCR Romania Manufacturing PMI index, which assesses the state of the manufacturing industry in accordance with Standard &Poor’s standards, shows that the activity in Romania’s manufactur...
Fitch Reaffirms Romania's Stable Outlook
Fitch Ratings has reaffirmed Romania's outlook at 'stable' and the local currency issuer default ratings (IDR) at 'BBB-'.
Romania Private Lending Rises 6.8% To RON403B YOY in July 2024
Private lending in Romania posted a similar evolution with the June one, with an annual 6.8% increase (1.3% in real terms) to a total amount of RON403.9 billion, in line with central bank da...