Romania’s industry turnover up by 4.7 pct in 2016 y/y

The turnover of companies in the industrial sector went up by 4.7 percent in 2016, at a double rate compared with 2015, taking into account that the manufacturing industry supported the businesses, shows the data published by the National Institute of Statistics (INS).

In December 2016, the industry’s turnover increased by 7.3 percent compared with December 2015, after in November it registered the highest increase from May 2014, of 9.8 percent.

In 2015 overall, the industry turnouver increased by 2.4 percent, by almost two times less than in 2016.

The highest increase in December 2016 compared with December 2015, was in manufacturing industry, while the extractive industry it continued to decline.

„The turnover from industry in December 2016 compared with 2015, increased overall by 7.3 percent as a result of the increases in manufacturing industry (8.6 percent). The extractive industry dropped by 24.4 percent,” according to an INS report.

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On the big industry groups, the increases were registered in the energy industry (28.5 percent), the capital goods industry (9.7 percent), the durable goods’ consumption (9.5 percent), FMCG (5 percent) and the intermediary goods industry (2.1 percent).

Georgiana Bendre