Romania: Industrial production falls at faster clip in August
Latest reading: Industrial production was down 2.1% in working-day and seasonally adjusted month-on-month terms in August, following a 0.3% decline in the previous month.
Relative to the prior month’s figures, readings in August worsened for manufacturing (-2.7% on a seasonally adjusted month-on-month basis vs -0.8% in July) and mining and quarrying (-4.4% vs +1.7% in July). Finally, the variation in electricity, gas, steam and air conditioning supply was the same as in the prior month (-0.4% in August and July).
On a working-day and seasonally adjusted year-on-year basis, industrial production fell 1.0% in August, following 2.3% growth in the prior month.