Eurostat: Romania’s industrial production up 8.7 pct in November y-o-y

Romania’s seasonally adjusted industrial production was up by 8.7 percent in November 2013 y-o-y, one of the highest growth rates in the EU, according to Eurostat, the statistical office of the European Union. Higher growth rates were reported in Ireland (+13.2 percent), Slovakia (+12.7 percent) and the Czech Republic (+8.8 percent). Overall, industrial production rose in nineteen member states and fell in six. The largest decreases were reported in Malta (-8.6 percent) and Greece (-6.2 percent).

In November 2013 compared with November 2012, industrial production increased by 3.0 percent in both the euro area and the EU28. The production of capital goods rose by 4.4 percent in the euro area and by 4.7 percent in the EU28. Intermediate goods grew by 3.3 percent and 3.5 percent respectively. Non-durable consumer goods increased by 3.1 percent in the euro area and by 2.7 percent in the EU28. Energy decreased by 0.5 percent and 1.4 percent respectively. Durable consumer goods fell by 0.8 percent in the euro area and by 0.3 percent in the EU28

Monthly comparison

In November 2013 compared with October 2013, seasonally adjusted industrial production grew by 1.8 percent in the euro area and by 1.5 percent in the EU28, according to Eurostat. In October industrial production decreased by 0.8 percent and 0.5 percent respectively.

The production of capital goods grew by 3.0 percent in the euro area and by 2.6 percent in the EU28. Durable consumer goods increased by 2.2 percent and 1.5 percent respectively. Energy rose by 1.8 percent in the euro area and by 1.2 percent in the EU28. Non-durable consumer goods were up by 1.4 percent and 0.9 percent respectively. Intermediate goods grew by 1.0 percent in the euro area and by 0.8 percent in the EU28.

Industrial production rose in sixteen member states, remained stable in three and fell in six. The highest increases were reported by Ireland (+11.7 percent), Sweden (+6.4 percent), Malta (+3.8 percent), Croatia (+3.0 percent), the Netherlands (+2.5 percent) and Germany (+2.4 percent), and the largest decreases took place in Lithuania (-3.5 percent), Denmark (-3.0 percent) and Greece (-2.2 percent).