Romania Industry


Industrial production drops in August

In August, industrial output fell 1.7% over the same month last year, which contrasted the 2.9% increase observed in July. The reading reflected a contraction in manufacturing, which offset growth in mining and energy production. Compared to the previous month, industrial production dropped 1.1% in seasonally and working-day adjusted terms, which contrasted the revised 0.6% increase recorded in July (previously reported: -1.1% month-on-month). As a result of the annual contraction, annual average growth in industrial output fell from 2.2% in July to 1.2% in August, the lowest level since April 2010.

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Romania Industry Chart

Romania Industry August 2012

Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: National Institute of Statistics.

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