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              

Related Articles

EU to fund feasibility study on Slovakia’s proposed Eastring gas link to Balkans

The EU has agreed to help fund a feasibility study on the Eastring pipeline project, which would link Slovakia to the Balkan markets, Slovak transmission system operator Eustream announced on May 26. ... more

IMF recommends fiscal consolidation for Romania

The International Monetary Fund (IMF) has estimated that the fiscal policies envisaged by Romania will result in a wide deviation (of over 2% of GDP) from the optimum 1.5% of GDP medium-term budget ... more

Owner of Romania’s Dedeman reportedly close to signing largest ever deal in the Romanian office segment

Dragos Paval, owner of Romania’s biggest DIY retailer Dedeman, is reportedly close to signing an agreement with Africa Israel Investments for the acquisition of an office building project in ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Dismiss