Romania GDP Shrinks 1.2% in Q1, First Contraction Since 2020
Updated
Updated · TradingView · Jul 3
Romania GDP Shrinks 1.2% in Q1, First Contraction Since 2020
2 articles · Updated · TradingView · Jul 3
Summary
Romania’s economy contracted 1.2% year on year in the first quarter of 2026, matching the second estimate and reversing from 0.2% growth in the prior quarter.
A 1.0% drop in household spending drove the downturn, outweighing gains from government spending, which jumped 12.9%, fixed investment, and net external demand.
Output fell across several key sectors, led by wholesale and retail trade at 3.2%, information and communication at 4.1%, professional activities at 3.8%, and mining at 1.3%.
On a seasonally adjusted quarterly basis, GDP was flat after a 1.9% contraction in the previous period, underscoring how sharply momentum has weakened at the start of 2026.