Romania: Industrial production moderates in June but remains strong
August 23, 2017
Industrial output moderated to a still-vigorous 8.9% annual expansion in June, which was down from 17.3% in May. According to the Statistical Institute, growth slowed in the manufacturing and mining sectors, while the electricity and gas sector underwent a small acceleration.
On a seasonally-adjusted month-on-month basis, industrial production contracted 1.4% in June, contrasting the 3.3% expansion registered in May. Meanwhile, annual average growth in industrial production rose 5.2% in June, up from May’s 4.5%.
Author: Christopher Mc Innes, Economist