Romania: Industrial production expands robustly in December
February 12, 2016
Industrial output rose 4.0% in December over the same month of the previous year, marking the largest expansion in four months and a a jump over November’s 2.4% rise. According to the National Institute of Statistics, the pickup mainly reflected an acceleration in manufacturing growth. Conversely, mining and quarrying as well as electricity, gas, steam and air conditioning supply fell deeper into contraction.
On a month-on-month basis, industrial production fell 0.30% in December, which followed the 0.08% decrease tallied in the previous month. Annual average growth in industrial production inched up from 2.7% in November to 2.8% in December.