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Romania: Foreign Trade Declines
"When expressed in EUR equivalent, both exports and imports of goods fell marginally in Q3 (-1.1% qoq and -0.3% qoq respectively, according to our in-house seasonally adjusted data)." Raiffeisen Research says.
Romania: Foreign Trade Declines / Picture: © Wikimedia Commons / Danny Cornelissen [http://www.portpictures.nl]
While this was the third decline in a row, the pace of contraction reduced from the previous two quarters.”We think the contraction was not only in nominal terms, but also in real terms. Negative dynamics maintain also when foreign trade in services is taken into account. According to our in-house seasonally adjusted data, when expressed in euro equivalent, exports of…
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