Trade Balance in Romania
Romania - Trade Balance (Euros)
Economic activity appears to have moderated in the fourth quarter of last year, following the third quarter’s acceleration which was propelled by a jump in inventories. Industrial production growth was weak in October-November, as was external demand, both of which suffered from a cooling industrial sector in the EU. On the other hand, retail sales surged in Q4, likely benefiting from declining inflation. Heading into Q1, economic prospects appear downbeat: In mid-January, several major financial institutions announced they are considering the postponement of investment plans, due to the recently-introduced tax on banks’ assets. On the political front, on 31 January the government presented the draft budget for 2019. Among other measures, it includes a notable increase in public investment, part of which will be co-financed by EU funds. Meanwhile, relationships with EU institutions remain turbulent: In mid-January, the European Commission criticized the government for its regressive steps in fighting corruption, after the justice minister drafted an emergency decree which could invalidate several corruption cases.Romania - Trade Balance (EUR) Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Trade Balance (EUR billion) | -6.0 | -6.0 | -8.0 | -9.0 | -12.0 |
Romania Trade Balance (EUR) Chart
Source: National Bank of Romania.
Romania Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 4.93 | 0.23 % | Feb 21 |
| Exchange Rate | 4.19 | -0.34 % | Feb 21 |
| Stock Market | 7,856 | -0.59 % | Feb 21 |
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Economic News
Romania: Growth moderates in Q4
February 14, 2019
According to a preliminary estimate released by the National Institute of Statistics on 14 February, the economy expanded 4.1% in the fourth quarter over the same period last year, slightly decelerating from the third quarter (Q3: +4.2% year-on-year).
Romania: Industrial production contracts in December
February 13, 2019
Industrial output dropped 0.8% in annual terms in December, contrasting November's 2.6% expansion.
Romania: Inflation stable in January
February 13, 2019
Consumer prices jumped 0.8% over the previous month in January, following December’s 0.2% month-on-month increase.
Romania: Central Bank holds rates unchanged at its February meeting
February 7, 2019
At its monetary policy meeting held on 7 February, the National Bank of Romania (NBR) kept the policy rate unchanged at 2.50%.
Romania: Industrial production loses steam in November
January 14, 2019
Industrial output grew 2.6% in annual terms in November, below October's 3.5% expansion.
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