Romania Quarterly National Accounts. Growth quality in focus.
A seven-module structural macro monitor combining quarterly national accounts with quarterly sector-account diagnostics.
Seven modules describe the current growth mix.
The latest A-CLUSTER output classifies the quality of growth across demand, investment, competitiveness, household and corporate conditions, and the external sector.
Growth Quality
Contraction. Investment supporting growth; Inventories materially subtracting from growth
Investment Quality
Productive-capital intensive. Strong real GFCF growth
Competitiveness
Cost adjustment without productivity outperformance. Non-positive productivity growth; Large productivity gap versus EU
Household Demand
Mixed household demand. Real household consumption contracting; Durable-goods demand contracting
Household Income & Saving
Household income and saving pressure. Actual final consumption per capita unavailable for selected country; Household saving rate is negative; Saving rate down at least 1 pp from four quarters earlier; Real disposable income per capita falling materially QoQ
Corporate Income & Investment
Profit-supported investment expansion.
External Sector
External drag on growth.
Constructive but mixed.
The concise production page is designed for rapid reading; the full analytical report contains the detailed charts, tables and methodology.
Contraction
Primary driver: Investment. Domestic demand -0.94 pp; net exports -1.05 pp.
Productive-capital intensive
GFCF 28.6% of GDP; productive-capital proxy 48.3%.
Household income and saving pressure
Saving rate -3.6%; real disposable income per capita -3.15% QoQ.
External drag on growth
Real exports +0.7% YoY; real imports +3.2% YoY.