Romania’s industrial turnover up real 9.4% y/y in April.

By bne IntelliNews June 10, 2013

Romania’s industrial turnover index surged by a nominal 12.7% in April, reversing sharply from the 2.7% annual contraction in March, the statistics office reported. The turnover of the manufacturing companies improved even stronger than the average, by 13.1% y/y.

April turnover data indicates a likely recovery in the industrial output – but also in the exports of the month.

Both industrial output and exports weakened in March, putting another question mark on the sustainability of the 2.2% y/y GDP growth in Q1. But robust industrial output and exports performance in April would bring more optimism among analysts. Industrial production data is announced on June 11, while the foreign trade numbers for the month will be available on June 10.

In real, industrial price-deflated terms, the turnover index strengthened by 9.4% y/y – compared to a negative 0.2% y/y average performance in Q1. In the core manufacturing sector, the real growth was even more intense –11.3% y/y, compared to 1.1% y/y advance in Q1. Since the performance in March was below the Q1 average, the improvement from March to April is even more visible.

The subdued industrial price inflation in April, only 3% y/y compared to 4.5% in March and 5-6% y/y in Jan-Feb, helped the real turnover’s performance also.

  Jan-13 Feb-13 Mar-13 Q113 Apr-13
Turnover index, nominal y/y 5.3% 13.8% -2.7% 4.9% 12.7%
Ind. manufacturing turnover, nominal y/y 5.6% 14.2% -2.3% 5.2% 13.1%
Turnover index, real y/y -0.3% 8.0% -6.9% -0.2% 9.4%
Ind. manufacturing turnover, real y/y 0.7% 9.4% -5.4% 1.1% 11.3%
           
Industrial production 6.0% 7.2% 1.4% 4.7% n.a.
Ind. Prod. manufacturing 6.6% 10.3% 2.0% 6.1% n.a.
Source: INS          

Related Articles

Hungarian branch of Bucharest listed Digi to buy Invitel Tavkozlesi in €140mn deal

Bucharest listed Digi Communications announced on July 21 that its Hungarian subsidiary, Digi Tavkozlesi es Szolgaltato, has signed an agreement to acquire Hungarian broadband and telephone provider ... more

Romanian media tycoon Voiculescu to be released on parole

A Romanian court ruled on July 18 that media tycoon and former politician Dan Voiculescu, who was sentenced to 10 years in prison in August 2014, should be released on parole after serving ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Dismiss