Romania’s industrial output up 8.8% y/y in Q3

By bne IntelliNews November 11, 2013

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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