Friday, December 4, 2009

Romania Q3 consumption shrinks 11.8 pct y/y-stats

BUCHAREST, Dec 3 (Reuters) - Romania's domestic consumption shrank by 11.8 percent in the third quarter year-on-year, versus a 12 percent contraction in the second quarter, data showed on Thursday.

The stats office confirmed final gross domestic product data from July to September matched a preliminary flash estimate of a 7.1 percent contraction versus a year earlier. The flash estimate was released on Nov. 13.

Analysts polled by Reuters in November had produced a mid-range forecast of a 9 percent fall on the year.

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