Romania: Industrial production plunges in September
November 9, 2012
In September, industrial output plunged 4.0% over the same month last year, which followed the 1.3% increase observed in August. The contraction, the sharpest since August 2009, was partially due to a negative base effect as industrial production expanded a robust 5.6% in September last year. Compared to the previous month, however, industrial production added 0.6% in seasonally and working-day adjusted terms, which contrasted the revised 0.8% increase recorded in August (previously reported: -1.1% month-on-month). As a result of the annual contraction, annual average growth in industrial output fell from 1.2% in August to 0.4% in September.