November factory output up 3%

Industrial production grew for the first time since September 2008 when data indicated a 3.8% growth from the same period of 2007. Year-on-year, Romania’s output fell 3% in October 2008, 11.5% in November, and 18% in December and held steady at 12% in the early months of 2009.

In November 2009, mining output narrowed 13.2% from the same period of last year.

However, electricity, heating, hot water and air conditioning rose 11.1%, while manufacturing activity grew 3%.

Broken down by industrial groups, capital goods production rose 15.5%, intermediary goods – 5.6%, and energy output grew 1.6%, durables fell 11.8%, while non-durable consumer goods output dropped 10.5%.

In gross series, industrial production increased by 5.3% from the same period of last year.

In November, seasonally-adjusted factory output grew 1.7% compared to a month earlier, propped up by the 1.9% growth in manufacturing. Mining activity narrowed 0.3% while energy, hot water and air conditioning shrank 0.4%.

Capital goods production grew 2.5% in November from a month earlier, while intermediary goods by 1.7%.

Non-durable consumer goods production fell 2.3%, energy output declined 1.9% while durables decreased by 1.2%.

In gross series, factory output fell 4% in November from a month earlier.

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