Current Account in Romania
Romania - Current Account (billions of Euros)Available first-quarter indicators suggest that household spending remains a force to be reckoned with; retail sales through March hint that last year’s household-spending binge found its second wind. Moreover, employment gains through March, as well as the recent upturn in inflation, also point to resilient economic activity. Import growth through February does the same. Industrial output, meanwhile, has been lackluster since the outset of the year—in line with sector-specific weakness regionwide—and is expected to bruise fixed investment, which has been hobbled for several quarters. That said, the government’s recent easing of its controversial new tax on banks’ assets should serve to boost economic sentiment in the near-term.
Romania - Current Account (EUR bn) Data
|Current Account Balance (EUR bn)||-1.5||-1.0||-2.0||-3.6||-6.3|
5 years of economic forecasts for more than 30 economic indicators.
Romania Current Account (EUR bn) Chart
Source: National Bank of Romania.
|Bond Yield||5.03||0.23 %||May 13|
|Exchange Rate||4.24||-0.34 %||May 13|
|Stock Market||8,165||-0.59 %||May 13|
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May 14, 2019
Industrial output declined 0.2% on an annual basis in March, contrasting the 1.9% year-on-year rise in February.
May 13, 2019
Consumer prices increased 0.6% from a month earlier in April, up from the 0.5% month-on-month increase in March.
April 8, 2019
A second estimate released on 8 April by the Statistical Institute (INSSE) confirmed that the economy grew 4.1% in the fourth quarter over the same period a year earlier, a notch below the third quarter’s 4.2% expansion.
April 2, 2019
At its monetary policy meeting held on 2 April, the National Bank of Romania (NBR) kept the policy rate unchanged at 2.50%.
March 7, 2019
A comprehensive estimate released by the National Institute of Statistics revealed the economy expanded 4.1% in the fourth quarter over the same period a year earlier, decelerating from the third quarter (Q3 2018: +4.2% year-on-year).