Romania's economy logged a renewed contraction in the first quarter of 2026, while consumer price inflation accelerated further in April to the highest level in three years, separate reports from the statistical office showed on Wednesday.
Gross domestic product, or GDP, declined an unadjusted 1.7 percent annually in the March quarter, reversing a 0.2 percent rise in the preceding three-month period, flash figures said. Moreover, this was the first contraction since the fourth quarter of 2020.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.