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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