Tuesday, September 6, 2011

Romania Q2 consumption down 0.7 pct y/y

(Reuters) - Romania's domestic consumption shrank by 0.7 percent year-on-year in the second quarter, compared with a revised 1.7 percent contraction in January-March, official data showed on Tuesday.

The National Statistics Board also said final data showed gross domestic product for the second quarter rose by 1.4 percent on the year, confirming a flash estimate released in August.

It revised annual GDP growth for the first quarter to 1.6 percent from an initial 1.7 percent. It also said domestic consumption shrank less than initially envisioned during January-March.

Romania, which completed a 20 billion euros aid deal led by the International Monetary Fund earlier this year and signed on for a new package, grew 0.2 percent quarter-on-quarter in the second quarter, in line with the flash estimate, the statistics board said in a statement. (Reporting by Luiza Ilie; Editing by Sam Cage)

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