Gross Domestic Product (GDP) in the first quarter was estimated at nearly 139.27 billion lei current prices, in real terms, as gross series, it increased by 4.3% compared to the same period last year, supported by trade developments, car repairs, transport, hotels, restaurants and industry.
According to seasonally adjusted data, the GDP amounted to 174.85 billion lei current prices, increasing by 1.6% compared to the last quarter of last year, in real terms, and by 4.2% over the first three months of last year, according to the National Institute of Statistics (INS), quoted by Mediafax.
Wholesale and retail trade, repair of motor vehicles and motorcycles, transportation and storage, hotels and restaurants contributed with 1% to the growth in the first quarter, this sector having a share of 17.8% to GDP, and its activity volume increased by 5.8%.
Moreover, the industry, with a share of 21.1% (volume activity increased by 4.2%), had a 0.9% contribution to GDP growth, just as information and communications holding a share of 7%, but with an advance of 13.2% of the workload.
Net taxes on products, with a share of 14.2% to the GDP , whose volume has increased by 3.5%, weighing in 0.4%.
From the point of view of GDP use, final consumption expenditure of households have contributed 3.3% to growth, with an appreciation of 4.9% volume. Also, a positive contribution of 1.2% is owed to gross fixed capital formation amid volume climb by 8%.
"Following the fall of final consumption expenditure volume of general government (1%) this had a negative contribution to GDP growth of -0.2%. A negative contribution to GDP growth was due to net export (-1 3%), a consequence of the 9.7% increase in exports of goods and services correlated with a higher growth of imports of goods and services by 12.6%. It is noteworthy, however, the positive balance of the balance of payments " the INS reads.
The seasonally adjusted series of quarterly GDP has not changed, the revision of estimates for the first quarter compared to "signal" variant being insignificant.