





Romania's economy dropped slightly in the first quarter, but good news from industry and exports
The gross GDP is estimated to have been around 96.707 billion lei in Q1 2010, dropping - in real terms - 2.6% against Q1 2009.
The Industry - plus 4.2%
The industry was the sole branch that managed to record an increase in the activity volume, namely 4.2%. The constructions department shrank significantly its volume, by 17.3%. Minor reductions were seen in agriculture, hunting and forestry, fishing and pisciculture (-0.9%); commerce, car repairs and household objects; hotels and restaurants; transport and telecomms (-2.4%); financial activities, real estate, renting, company services (-1.5%) and in other services (-2.7%).
Inner demand dropped 3%
As a consequence of the overall economic negative evolution, the collected tax volume per product dropped, the net taxes' collection seeing a 10.7% reduction. In regards to the GDP usage, the inner demand dropped 3% in Q1 in comparison with the same period last year, mainly because of the 28.9% shrinkage of the gross fix capital set-up.
The final total consumption reduced by 4%
The finite total consumption reduced by 4%, especially due to the decrease in spending for the finite consumption in the population's households (-4.8%), a consequence or the shrinkage in the volume of retail goods, namely a 19.7% minus. The volume of spending for the public administration's consumption shrank by 1.8%. The improvement of net export of goods and services had a positive impact on the GDP, namely + 19.5%, close to imports - 14.9%.