Romania’s industrial production growth rate slows down to 0.5 pct y/y in September, turnover up 7.8 pct

Sorin Melenciuc 12/11/2018 | 11:08

Romania’s industrial production growth rate slowed down to 0.5 percent year-on-year in September as the mining and quarrying and energy sectors declined, while the turnover index of industry rose by 7.8 percent, National Institute of Statistics (INS) data showed on Monday.

Compared with August 2018, the industrial production declined by 1.6 percent as series adjusted by number of working days and seasonality.

Production in the manufacturing sector, the largest sector of Romania’s industry, grew by 0.9 percent year-on-year, mining and quarrying declined by 4.5 percent, while energy output decreased by 0.3 percent in September, according to official data.

The deceleration of manufacturing production had an important impact on turnover of Romania’s industry, which rose by 7.8 percent year-on-year in September, compared with 8.4 percent in August and 16.5 percent in July.

In the first nine months of 2018, the industrial production increased by 4.1 percent year-on-year and industry’s turnover rose by 12.9 percent.

The new orders in manufacturing increased by 9.3 percent year-on-year in September 2018.

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