In November, industrial output rose 7.9% over the same month last year. The reading represented a steep acceleration from October's 1.6% expansion. The acceleration was mainly driven by faster growth in manufacturing, which surged 9.3% (October: +1.7% year-on-year) on increased demand from Western Europe, as well as a less pronounced contraction in mining and quarrying which dropped 3.8% (October: -9.8% yoy). Meanwhile, production and supply of electric and thermal energy decelerated, expanding 2.4% (October: +7.1% yoy). A month-on-month comparison corroborates the robust annual figures. Industrial production expanded a working day and seasonally adjusted 1.6% over the previous month, which was well above the 0.6% increase in October. The trend continues to point upwards, with annual average growth in industrial output picking up from 5.3% in October to 5.6% in November. The government expects the economy to return to positive growth this year and expand 1.5%, following an estimated 2% contraction in 2010.
Industrial output surges in November
January 12, 2011
Looking for forecasts related to Industry in Romania? Download a sample report now.
Romania Economic News
October 12, 2016
Industrial output expanded 5.3% in August from the same month last year, which was the fastest expansion in one year.
October 11, 2016
In September, consumer prices inched down 0.1% from the previous month, contrasting August’s 0.1% expansion.
September 14, 2016
Industrial output contracted 3.4% in July over the same month last year, which was the fastest contraction rate in almost seven years and contrasted the 1.1% expansion recorded in June.
September 9, 2016
In August, consumer prices inched up 0.1% over the previous month, rebounding from July’s 0.2% contraction.
September 6, 2016
In second quarter of 2016, the economy expanded 6.0% over the same period of the previous year, the fastest rate of growth since Q3 2008, according to detailed data released on 6 September.