Romania: Industrial production slows in October
December 14, 2015
Industrial output rose a timid 0.1% in October over the same month last year, coming in below September’s 3.9% rise and marking the smallest expansion in five months. According to the National Institute of Statistics, the slowdown mainly reflected decelerations in manufacturing and electricity, gas, steam and air conditioning. Moreover, mining and quarrying recorded a deeper contraction in October.
On a month-on-month basis, industrial production fell 0.08% in October, which contrasted the 1.14% increase tallied in the previous month. Annual average growth in industrial production receded from 2.9% in September to 2.6% in October.