Romania: Industrial production picks up in July
September 11, 2015
Industrial output rose 3.8% in July over the same month last year, which exceeded June’s 3.1% rise. According to the National Institute of Statistics, July’s reading mainly resulted from a pickup in manufacturing and robust growth in the electricity, gas, steam and air conditioning supply category. Conversely, mining and quarrying recorded a sizable contraction.
On a month-on-month basis, industrial production rose 0.6% in July, which came in below the 0.8% expansion tallied in the previous month. Annual average growth in industrial production fell from 2.8% in June to 2.6% in July.