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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