Romania: Industrial production decelerates in September
November 7, 2011
In September, industrial output expanded 5.5% over the same month last year, which marked a deceleration from the strong 10.4% expansion observed in August. The moderation was entirely driven by slower growth in manufacturing, whereas mining and quarrying as well as electricity, gas, steam and air conditioning supply picked up from the previous month. A month-on-month comparison points to a deeper deceleration than suggested by the annual figures. In September, industrial production contracted a seasonally and working-day adjusted 0.6% over the previous month, contrasting the 1.5% increase in August. In spite of the deceleration, annual average growth in industrial output inched up from 6.6% in August to 6.7% in September.