Romania: Industrial production decelerates in April
June 8, 2011
In April, industrial output rose 3.6% over the same month the previous year. The reading represented a pointed deceleration from March's 9.8% expansion and marked the second slow-down in six months, owing to a depressed domestic demand. The monthly deceleration reflected slower growth in manufacturing, which expanded 2.2% (March: +10.7% year-on-year). However, electricity and gas supply as well as mining and quarrying expanded at a strong pace. A month-on-month comparison corroborates the deceleration suggested by the annual figures. In April, industrial production contracted a working-day and seasonally adjusted 0.2% over the previous month, following a 1.2% drop in March. Annual average growth in industrial output decelerated from 7.2% in March to 6.8% in April.