Macroeconomics
Romania Unemployment Rate Edges Down To 5.5% On Month In July 2023
Romania’s unemployment rate stood at 5.5% in July 2023, lower by 0.1 percentage points than 5.6% in June 2023, data from the country’s statistics institute INS shows on Thursday (August 31).
CFA Romania Analysts Project 7.52% Average Inflation Rate in Next 12 Months, See Leu at 5.0798 Units/Euro, Expect 2.8% Economic Growth in 2023
Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0798 units/euro in the coming 12 months, while the average inf...
Romania Private Lending Up 5.6% YoY To RON378.2B In July 2023
Private lending in Romania grew by 5.6% in nominal terms (down 3.5% in real terms) to RON378.2 billion in July 2023 compared with July 2022, central bank data showed on Thursday (August 24).
INS: Number of Job Vacancies in Romania Down by almost 8,000 in 2Q/2023 Vs. 1Q/2023, to below 4,000
The number of job vacancies in Romania dropped by 7,708 in the second quarter of 2023 against the previous quarter, to 39,371, while the job vacancy rate stood at 0.77%, down 0.16% from the...
Romania Manufacturing Industry Orders Edge Down 0.6% On Month In June 2023
Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets) edged down 0.6%, in nominal terms, in June 2023 compared to May 2023, but grew 9.7% com...
INS: Romania Construction Works Up 15.2% YoY In June 2023
The volume of construction works in Romania increased, in unadjusted data, by 15.2% in June 2023 compared to June 2022 and was up 15.4% when adjusted to the number of working days and to sea...
Romania Industrial Sales Drop 5.7% On Month In June 2023
Romania’s industrial sales (on the domestic and external markets) decreased by 5.7% in nominal terms in June 2023 compared to May 2023 and by 0.7% versus June 2022, data from the country’s s...
Romania's Fiscal Council Upwardly Revises Its 2023 Budget Deficit Forecast To Over 6% Of GDP
Romania's Fiscal Council has revised its 2023 budget deficit projection upwards to over 6% of gross domestic product (GDP), in the absence of measures aimed at correcting the budget gap, as...
Romania's Industrial Production Drops 5.9% YoY In June 2023
Romania’s industrial production decreased by 5.9% in unadjusted data in June 2023 versus June 2022 due to drops reported for the electricity, gas, steam and air conditioning supply (-9.4%) a...