Consequently, the processing industry lost 18.5 percent in January over the same month of 2008 and the electricity and thermal power production reduced 4.9 percent. Yet, the extractive industry advanced 4.4 percent year-on-year in January.
All major industrial branches witnessed significant falls in production at the beginning of the year. The capital goods industry lost 24 percent, the intermediary goods industry reduced 22.3 percent, the long-term goods industry had 18.7 percent smaller production. Plus, production in the power field dropped 8 percent and in the current goods industry, 2.6 percent, INS also reported.
Production in Romania’s industry was hit from two sides. On one hand it was the financial crisis which settled in the country since the 2008 fall and started punching hard the industry and on the other hand it was the continuous decrease of the national currency which made imports more expensive and affected exports as well.
In lipsa unui acord scris din partea InternetCorp, puteti prelua maxim 500 de caractere din acest articol daca precizati sursa si daca inserati vizibil linkul articolului Industrial production drops in Jan. 12.1% y/y on power industry cutbacks.