Romaniaĺs October factory output falls 1.5%

Romania’s year-on-year seasonally adjusted industrial production fell for the 13th consecutive month in October, sliding as little as 1.5%, pointing to signs of recovery, data provided by the national institute of statistics show.
Year-on-year, industrial production dropped 3% in October 2008, 11.5% in November 2008 and 18% in December, and stabilized at around 12% in the early months of 2009. YoY factory output fell 9.5% in April this year, 9.8% in May, 8.9% in June, 6.9% in July, 5.9% in August and 4% in September.

The latest increase in industrial production was observed in September 2008, with 3.8% growth year-on-year.

In October 2009, mining and quarrying output dropped 15.8% from year-ago period, while processing output decreased by 2.3%. Electricity, gas, water supply and air conditioning increased by 8.8%.

Production of durable goods fell 15.3%, non-durable goods dropped 8%, and intermediary goods by 2.9%. However, the production of capital goods increased 5.3% and energy industry by 0.7%.

Compared to September 2009, manufacturing output, adjusted for working days and seasonal changes increased by 0.2% in October, led by 1.7% growth in processing and 0.5% in mining and quarrying, which compensated the 3% decline in electricity, gas, water supply and air conditioning.

Month-on-month, production capital goods increased by 2.7% and non-durable consumer goods by 2.6%. Consumer durables fell 6.5%, energy output dropped 0.4% and intermediary goods by 0.1%.

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