Romania: Industrial production slows in December
February 10, 2017
Industrial output rose 3.6% in December from the same month of the previous year, down from November’s 5.4% increase. According to the National Institute of Statistics, production in the manufacturing and electricity, gas, steam and air conditioning supply sectors accelerated, while the contraction in the mining and quarrying sector deepened compared to November.
On a seasonally-adjusted month-on-month basis, industrial production increased 1.6% in December, up from November’s 1.0% expansion. Meanwhile, annual average growth in industrial production remained stable at November’s 1.8%.
Author: Christopher Mc Innes, Economist