Romania: Industrial output falls in June
August 12, 2019
Industrial output fell 0.2% on an annual basis in June, contrasting May’s 0.2% increase. According to the Statistical Institute, June’s downturn reflected a contraction in manufacturing output, particularly in capital goods production.
Annual average industrial output growth, meanwhile, decreased to 1.7% after 2.2% in May.
On a seasonally- and working day-adjusted basis, industrial output fell 7.6% month-on-month in June (May: -2.0% month-on-month s.a.).
Author: Nicolás J. Aguilar, Economist