Romania’s industrial production index increased by 8.8% y/y in Q3, gaining ground from 7.4% y/y in Q2 and 4.7% y/y in Q1, according to IntelliNews calculations based on statistics office data. In the core manufacturing sector, the annual growth accelerated to 10.2% y/y from 9% y/y in Q2 and 6.1% y/y in Q1.
In the Jan-Sep period, industrial production index advanced by 7% y/y – and by 8.5% y/y for the core manufacturing sector. The growth rates indicate a much better performance compared to the average 2012 data. Exports have visibly driven Romania’s industrial production, since they marked robust 7.9% y/y advance in Jan-Aug [latest available data] compared to slight 0.5% y/y contraction in 2012.
In September alone, the industrial production marked 10% y/y advance driven by 11.3% y/y annual growth in the core manufacturing. Most likely, the exports [to be released on November 11] have again supported industrial growth.
| Ind Prod Index | 2009 | 2010 | 2011 | 2012 | Q1 13 | Q2 13 | Q3-13 |
| Total, y/y | -5.5% | 5.5% | 7.5% | 2.4% | 4.7% | 7.4% | 8.8% |
| Total, swda* q/q, m/m | n.a. | n.a. | n.a. | n.a. | 2.6% | 2.0% | 0.7% |
| o/w manufacturing | n.a. | n.a. | n.a. | n.a. | 2.8% | 4.7% | -0.7% |
| Mining and Quarrying | -12.0% | -6.9% | 3.4% | 9.9% | 5.6% | 6.9% | -2.3% |
| Manufacturing | -6.5% | 6.0% | 8.0% | 2.2% | 6.1% | 9.0% | 10.2% |
| Utilities | 7.0% | 8.2% | 4.6% | 1.6% | -5.3% | -6.9% | 0.7% |
| Source: INS | |||||||
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