Romania: Industrial production falls in October
December 14, 2016
Industrial output fell 0.1% in October from the same month of the previous year, a marked slowdown from September’s 3.4% expansion. According to the National Institute of Statistics, the mining and quarrying and electricity, gas, steam and air conditioning supply sectors contracted, while the manufacturing sector grew in October compared to the same month in 2015.
On a seasonally-adjusted month-on-month basis, industrial production fell 0.7% in October, contrasting September’s 0.8% expansion. Meanwhile, annual average growth in industrial production was unchanged at 1.6%.
Author: Oliver Reynolds, Economist