Romania: Industrial production accelerates in February
April 11, 2017
Industrial output rose 5.0% in February from the same month last year, down from January’s 6.0% increase. According to the National Institute of Statistics, production in the manufacturing sector slowed, while the mining and quarrying sector returned to growth and the electricity, gas, steam and air conditioning supply sector accelerated.
On a seasonally-adjusted month-on-month basis, industrial production grew 0.6% in February, contrasting January’s 0.2% contraction. Meanwhile, annual average growth in industrial production rose to 2.8% in February (January: +2.4%).
Author: Christopher Mc Innes, Economist