Romanias industrial output stagnates in 2012.

By bne IntelliNews February 11, 2013
Romania's industrial production index remained unchanged in 2012 compared to a year earlier, the statistics office reported. The index edged down 0.7% in the core manufacturing sector but increased by 1.5% in the mining sector and by 4.5% in the utilities sector. In Q4 alone, the industrial output increased by 0.6% y/y (0.7% y/y in manufacturing) due to the advance recorded in October. The seasonally-adjusted indices for both the overall industry and the core manufacturing segment alone have hovered within a narrow band during the past 18 months but featured a certain downward pattern in the past several months of 2012. The slight downward shift might have been driven by the subdued demand in key European markets. The developments in 2013 are also strongly linked to the resumption of the economic activity in the euro area. Yet, unless the investor confidence rises considerably it is hard to project a significant pick-up in the activity of the Romanian industrial companies. The expected moderate recovery in the European markets later this year will most probably maintain the industrial activity at roughly the same level for another year. This level is, however, slightly above the pre-crisis peak performance in early 2008.

Romanias industrial output stagnates in 2012.

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