Romania: Industrial output up in April
June 11, 2012
In April, industrial output rose a virtually flat 0.1% over the same month last year, which contrasted the 0.9% drop observed in March. The reading reflected strong energy production, which was offset by contractions in the mining and quarrying as well as manufacturing sectors. Compared to the previous month, industrial production added 1.1% in seasonally and working-day adjusted terms, which was slightly below the 1.3% expansion recorded in March. Annual average growth dropped from a 2.8% increase in March to a 2.6% expansion in April, the slowest pace since June 2010.