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, swda* q/q, m/m||n.a.||n.a.||n.a.||n.a.||2.6%||2.0%||0.7%|
|Mining and Quarrying||-12.0%||-6.9%||3.4%||9.9%||5.6%||6.9%||-2.3%|
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