Romania: Industrial production improves in July
September 8, 2011
In July, industrial output grew 1.7% over the same month the previous year. The reading represented a slight acceleration over June's softer 1.1% expansion, owing to improving demand for manufactured products. A month-on-month comparison corroborates the improvement suggested by the annual figures. In July, industrial production expanded a seasonally and working-day adjusted 1.2% over the previous month, contrasting the 1.7% drop in June. However, annual average growth in industrial output inched down from 6.4% in June to 6.3% in July.