Romania: Industrial production decelerates to 17-month low in September
November 12, 2018
Industrial output expanded 0.5% in annual terms in September, well below August's 3.7% growth rate and the weakest recording in 17 months. According to the Statistical Institute, the expansion in September came on the back of weak growth in the manufacturing sector. On the other hand, the mining and quarrying and electricity and gas, steam and air conditioning sectors contracted.
On a seasonally- and working-day adjusted month-on-month basis, industrial production output contracted 1.6% in September, contrasting August’s 0.4% uptick. Annual average growth in industrial production, meanwhile, dropped from 6.1% in August to 5.6% in September, the lowest reading in over one year.