Romania investments down 8.6% y/y in Q2.

By bne IntelliNews September 5, 2011
The investments, carried out in the Romanian economy in Q2, were 8.6% lower on the year, the statistics office reported. The investments index seems to have ended its sharp contraction in Q1 when it inched down by only 2.9% y/y on the year, but the decline accelerated again in Q2. Last year, the investments were still down by 13.5% y/y after the massive 29.1% y/y plunge in 2009. In Q2, this year, the investments amounted to RON 12.9bn. Out of the total, 56% was for new constructions, 35.9% - for new equipment and 8.1% - for other purposes. Although GDP bottomed out earlier this year (up by 1.7% y/y in Q1), the investments' dynamics still lags behind on weak confidence about future prospects.

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