Romania: Industrial production contracts in December
Industrial output dropped 0.8% in annual terms in December, contrasting November’s 2.6% expansion. According to the Statistical Institute, November’s fall came on the back of contractions in the manufacturing and mining and quarrying sectors, while the supply of electricity, gas, steam and air conditioning sector recorded a slight expansion.
On a seasonally- and working-day adjusted month-on-month basis, industrial production output slipped 0.9% in December, following November’s 0.2% decrease. Annual average growth in industrial production, meanwhile, fell from 4.4% in November to 3.6% in December.