Romania: Industrial output falls for a second consecutive month in July
September 12, 2019
Industrial output fell 3.0% on an annual basis in July, an improvement from June’s 6.2% contraction but marking the second fall in a row. According to the Statistical Institute, July’s result reflected a softer contraction in manufacturing output, particularly in capital goods production.
Annual average industrial output growth, meanwhile, decreased to 0.3% after 1.2% in July.
On a seasonally- and working day-adjusted basis, industrial output fell 3.3% month-on-month in July, an 18-month low (May: -1.8% month-on-month s.a.).
Author: Nicolás J. Aguilar, Economist