Industrial production maintains uptrend after 11 months

Industrial production in Romania went up between January and November 2014 over the same period of the previous year, increasing both as gross series, by 6.3 percent, and as series adjusted by number of working days and seasonality, by 7.5 percent, announces the National Institute of Statistics (INSSE).

The advance was triggered by rises in manufacturing and mining and quarrying sectors which have seen higher production volumes in the analyzed period. By main industrial groups, increases were recorded in capital goods (+11.8 percent), consumer durable goods (+8.8 percent), intermediate goods (+3.8 percent), and consumer non-durable goods (+3.4 percent), while the energy sector declined 2.3 percent.

In November 2014 however, Romania saw a fall-off in industrial production which dropped by 6.2 percent compared to October 2014 as regards gross series and rose by 0.2 percent compared to the same month of the previous year. As series adjusted by number of working days and seasonality, industrial production decreased by 0.8 percent and by 2.8 percent, respectively.