Romania’s new orders in industry up 15.8% y/y in Q1 2014

By bne IntelliNews May 12, 2014

The index of new orders in the manufacturing sector in Romania increased by 15.8% y/y in the first quarter of the year, the statistics office reported. The annual rise in March was 17.6% y/y. The index covers the industrial branches that operate on demand – including durable and non-durable consumer goods, but not food and beverages.

The robust growth in the flow of new orders supports the positive expectations for the continuation of the industrial expansion. Industrial output increased [volume terms] by 9% y/y in Jan-Feb and March industrial sales index figures [value terms, up real 17.7% y/y in the month] encourage expectations for a strong performance in the third month of the year too.

Among the sectors covered, the volume of new orders in textiles manufacturing, electric equipment manufacturing and machinery and equipment manufacturing [other than transport, electric and electronic] increased by more than 20% in both Q1 and March alone. The new orders in metallurgy increased by 8.1% y/y in Q1 and 10.3% in March alone.

In terms of classes of goods, growth rates well above the average were reported in the durable consumer goods sector – up 32% y/y.

Related Articles

Moldova’s largest lender maib puts Bucharest exchange listing on hold

The largest bank in Moldova, Moldova Agroind Bank (main), announced it is postponing its plan to list on the Bucharest Stock Exchange (BVB) because certain provisions in Moldovan legislation make the ... more

Romania’s leading financial group Banca Transilvania reportedly takes over BRD Pensii

Banca Transilvania, the leading financial group in Romania by assets, has reportedly reached the stage of agreeing technical and legal details for the takeover of BRD Pensii division from BRD-SocGen, ... more

Romania’s leading lender Banca Transilvania takes over OTP Bank’s subsidiary

Romania’s largest financial group by assets, Banca Transilvania (BVB: TLV), announced that it had signed a contract ... more

Dismiss