The country’s GDP for the last quarter of 2009 is estimated at 152.295 billion lei (€35.7 billion). The average exchange rate for the quarter ending December 31 was 4.2659 lei/euro, according to data provided by the National Bank of Romania.

The Statistics Institute has reaffirmed data on q-o-q economic contraction for 4Q to a seasonally adjusted 1.5%. 4Q GDP was estimated at 122.3 billion lei.

INS has lifted its full-year economic contraction forecasts from 7.2% to 7.1%, against Q1-Q3 contraction of 7.4%, with the GDP standing at 491.27 billion lei (€119.5 billion).

Fourth-quarter data also indicate a broad year-on-year decline in all sectors, the only exceptions being industry with 4% advance and agriculture with 0.7%.

Analysts polled by NewsIn were expecting a recovery in industry in the last quarter of 2009 and potential spillover effects from constructions, agriculture and services.

The construction industry suffered the sharpest decline – 15.9%. Commerce, HoReCa and transport and communication dropped 12.5%.