Romania: Industrial production declines in November
January 10, 2013
In November, industrial output fell 1.0% over the same month the year before, which contrasted the 4.0% increase observed in October. The drop was driven by contractions in the manufacturing and the energy supply sectors.
Compared to the previous month, industrial production fell 0.8% in seasonally and working-day adjusted terms, which added to the 0.3% decrease recorded in October. As a result of the annual contraction, annual average growth in industrial output fell from 0.4% in October to zero in November, the lowest level since March 2010.
For 2013, the government expects GDP growth to range from 2.0% to 2.5%.