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Romania Q4 GDP Growth Revised Up

The Romanian economy expanded faster than previously estimated in the fourth quarter of 2012, the latest figures from the National Institute of Statistics revealed Wednesday.

The seasonally adjusted gross domestic product rose 0.4 percent quarter-on-quarter in the fourth quarter, faster than the preliminary estimate for a growth of 0.2 percent. In the third quarter, GDP was down 0.2 percent.

On an unadjusted basis, GDP rose 1.1 percent annually compared to primary estimates for a growth of 0.3 percent. In the third quarter, GDP was down 0.5 percent.

The adjusted GDP rose 0.7 percent year-on-year in the fourth quarter, faster than the 0.1 percent growth estimated earlier.

In 2012 as as a whole, GDP expanded 0.7 percent compared to 2011. The latest outcome was better than initial estimate of 0.2 percent increase.

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