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H1 GDP up 0.3% as unadjusted data series and 1.4% as seasonally adjusted data series

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In the first semester 2025, as against the same period of the previous year, the Gross Domestic Product (GDP) increased 0.3% as unadjusted data series and 1.4% as seasonally adjusted data series, while in real terms in Q2 2025 as against Q1 GDP was 1.2% higher, according to the quarterly gross domestic product - provisional (1) estimates data the National Institute of Statistics (INS) released on Friday.

As against the same quarter of 2024, GDP saw an increase of 0.3% for unadjusted data series and 2.1% seasonally adjusted data series.

'The seasonally adjusted data series for quarterly Gross domestic product did not changed significantly, following revised estimates for the quarter II 2025 in compared to the flash version published in Press release no. 206 from 14 August 2025,' INS points out.

According to the statistics, Gross domestic product - seasonally adjusted data - estimation for the quarter II 2025 was by 471,264.5 million lei
current prices, up - in real terms - by 1.2% compared with quarter I 2025 and 2.1% compared with quarter II 2024.

Gross domestic product estimated for semester I 2025 was 931,878.4 million lei current prices, increasing - in real terms - with 1.4% compared to semester I 2024.

Gross domestic product - unadjusted series - estimated for quarter II 2025 was 450,564.1 million lei current prices, increasing - in real terms - with 0.3% as compared with quarter II 2024.

According to INS, Gross domestic product estimated for H I 2025 was 826,337.7 million lei current prices, increasing - in real terms - with 0.3% as compared with H I 2024.

INS mentions that, in the GDP growth in the first semester of 2025 as compared to semester I of 2024, the following economic activities made positive contributions: Construction (+0.3%), with a share of +5.2% of GDP formation and whose volume of activity increased by +5.6%; information and communication (+0.1%), with a share of +7.4% of GDP and whose volume of activity increased by +1.1%.

A negative contribution was recorded by the next industries: Industry (-0.3%), with a share of +16.1% of GDP and whose volume of activity decreased by -1.5%; Wholesale and retail; repair of motor vehicles and motorcycles; transport and storage; hotels and restaurants (-0.1%), with a share of +22.7% of GDP and whose volume of activity has decreased by -0.2%; Professional, scientific and technical activities; activities of administrative services and support services (-0.2%), with a share of +7.8% of GDP and whose volume of activity has decreased by -2.9%.

The following sectors made no contribution to GDP growth: Agriculture, forestry and fishing with a share of +1.9% of GDP and whose volume of activity increased by +1.7%; Financial intermediation and insurance with a share of +3.1% of GDP and whose volume of activity has decreased by -0.4%; Real estate activities with a share of +7.4% of GDP and whose volume of activity has stagnated; Public administration and defence; social insurance of public sector; education; health and social assistance with a share of +14.0% of GDP and whose volume of activity increased by +0.1%; Shows, culture and recreation activities; repair of households goods and other services with a share of +3.8% of GDP and whose volume of activity decreased by -0.2%.

Net taxes on the product, with a share of 10.6% to GDP formation, contributed +0.5% to GDP growth, their volume increasing by +5.0%.

'From GDP uses standpoint, the evolution was mainly due to: Final consumption expenditure of households, whose volume was increased by +1.4%, contributing with +0.9% to the growth of GDP; Individual final consumption expenditure of General government, whose volume was decreased by -3.2%, contributing with -0.3% to the change of GDP; Collective final consumption expenditure of General government, whose volume was reduced by -1.6%, contributing with -0.2% to the change of GDP; Gross fixed capital formation, whose volume was increased by +2.0%, contributing with +0.5% to the growth of GDP. Furthermore, net export recorded a negative contribution to the GDP growth rate (-1.4%), as a consequence of increase of the volume of imports of goods and services with (+5.6%) correlated with a slower increasing in the volume of exports of goods and services (+2.8%),' the INS release also reads. AGERPRES (RO - writing by: Nicoleta Banciulea; EN - writing by: Adina Panaitescu)

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