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Romania’s GDP Contracts 6.2% Y-Y In 1Q

Romania's gross domestic product contracted 6.2% in real terms in the first quarter compared with the same period of 2008, a contraction narrower than the previously estimated 6.4%, according to non-seasonally adjusted data released Tuesday by the National Statistics Institute.
Romania's GDP Contracts 6.2% Y-Y In 1Q
09 iun. 2009, 10:17, English

The sharp GDP contraction was mainly driven by a 11.1% fall in the industry and a 10.9% decrease in the agriculture sector. The retail sector was down 7.6%, while the real-estate and financial sectors posted a 3.8% decrease.

The construction sector rose 4.7% on the year in the first quarter, while other services posted a 3.1% increase.