Romania’s industrial output up 11.4% y/y in July

By bne IntelliNews September 11, 2013

Romania’s industrial output index surged 11.4% y/y in July, the statistics reported. The annual growth was even stronger, of 13.3% y/y, in the core manufacturing area - while both the mining and the utilities sectors have lost ground.

July’s robust industrial performance comes after a gradual improvement in Q1 and Q2 when the annual growth accelerated to 4.7% y/y [Q1] and 7.4% y/y [Q2] from a more modest performance of 2.4% y/y in 2012.

The manufacturing sector, particularly the automotive industry, has visibly driven the growth this year. Production of road transport means increased by 24% y/y in July and by 15.3% y/y in Jan-Jul according to the statistics office data. Wood processing and furniture production also gained ground and posted annual advances of 13% and 10.1%, respectively, in Jan-Jul.

Two-digit growth rates for Jan-Jul were also reported in the industries of electric equipment [19.4% y/y], chemicals [11.4% y/y], pharmaceuticals [10.5% y/y], and other [than road] transport means [13.1% y/y].

Industrial Output	2009	2010	2011	2012	Q1 13	Q2 13	Jul-13
Total, y/y	-5.5%	5.5%	7.5%	2.4%	4.7%	7.4%	11.4%
Total, swda* q/q, m/m	n.a.	n.a.	n.a.	n.a.	2.6%	2.0%	-0.2%.
o/w manufacturing	n.a.	n.a.	n.a.	n.a.	2.8%	4.7%	0.5%
Mining and Quarrying	-12.0%	-6.9%	3.4%	9.9%	5.6%	6.9%	-0.1%
Manufacturing	-6.5%	6.0%	8.0%	2.2%	6.1%	8.9%	13.3%
Utilities	7.0%	8.2%	4.6%	1.6%	-5.3%	-6.9%	-1.3%
Source: INS

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