Romania\u2019s revised Q1 GDP data confirm the slow (+0.3% y\/y) annual growth and the stagnation (+0.0% q\/q) of the seasonally adjusted data but brings two adjustments that correlate between themselves: services to households (including trade) contracted by 1% y\/y compared to a marginal (+0.1% y\/y) increase estimated initially and the households actual individual consumption increased by only 0.9% y\/y compared to +2.3% estimated initially.\u00a0<\/p>\n
The dynamics of the other sectors, except for services to households, were confirmed: industry contracted by 3.0% year-over-year (y\/y), while construction surged by 9.9% y\/y. The key IT sector posted a modest 0.9% y\/y advance along with the slowdown undergone by the industry globally.<\/p>\n
Overall, the gross value added generated in Q1 contracted by 0.3% y\/y (-0.1% estimated initially) while the net taxes and subsidies rose by 7.2% y\/y (+3.5% y\/y initially).<\/p>\n
Foreign trade data was revised, and as a result, the net imports accounted for only 6.2% of domestic demand for consumption and investments (in line with the long-term trend), compared to the record 7.5% figure initially estimated.<\/p>\n
The quarter\u2019s nominal GDP was revised upwards by 2.7% y\/y to RON 375.8 billion, which is likely to sweeten the deficit ratios as a result.\u00a0<\/p>\n
Revised Q1 data confirms Romania\u2019s GDP continued its five-quarter quasi-stagnation in Q1.<\/p>\n
Romania\u2019s GDP increased by an average of 0.1 q\/q over the five quarters to Q1 2025, when it posted a meagre 0.3% y\/y advance and quarterly standstill (+0% q\/q), according to data initially published by the statistics office on June 6 and confirmed on July 10.<\/p>\n