Czech industry maintains 2% y/y growth in April
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Romania’s GDP (chart) increased by an average of 0.1 quarter on quarter over the five quarters to Q1 2025, when it posted a meagre 0.3% year-on-year advance and quarterly standstill (+0% q/q), according to data published by the statistics office on May 6. New data from the statistics office provides details on specific formation and utilisation segments but confirms the overall economic dynamics.
On the formation side in annual terms, the robust growth in construction (+9.8% y/y, partly on a low base) combined with slight advances in IT&C and real estate was offset by shrinking industrial activity (-3.0% y/y).
The 0.3% y/y advance was secured by net taxes minus subsidies, reflecting fewer subsidies extended this year compared to 2024.
Final consumption advanced by 2.8% y/y and pushed up net imports – which hit 7.5% of the total demand (consumption plus gross capital formation), the largest share since 2010. Notably, the ratio that shows how much the country’s global demand for consumption and investments exceeds the local production has exceeded 10% quite frequently during 2004-2008. However, foreign direct investment (FDI) inflows in Romania were at that time much higher: 8.6% of GDP in 2024 and 9.0% of GDP in 2006 compared to 2.1% of GDP in 2023 and 1.6% of GDP in 2024.
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