In December, Romania’s industrial production fell 17.5% compared to a year-ago period, above the European Union average, of 11.5% and euro area average of 12%, Eurostat announced today.
According to Eurostat, the industrial production fell in December in all Member States for which data are available. The largest decreases were observed in Estonia – 20.7%, Spain – 19.6%, Sweden – 18%, Romania and Slovenia registering the same reduction of industrial production of 17.5% versus December 2007.
On an annual basis, the biggest reduction was observed in the category of intermediate goods – 19.2% in EU and by 20.3% in euro area, followed by durable consumer goods production that fell 14.1% in EU and 14.5% in euro area in December 2008.
The energy production shrank by 3.3% in both areas.
National Institute of Statistics (INS) said earlier today that industrial production fell in December 2008 by 18% compared to a year-ago period and by 19.2% compared to November 2008.
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