Romania's industry down 0.9% y/y in 12 months to November
The industrial production volume in Romania contracted by 1.1% y/y in January-November and by 0.9% y/y in the 12 months to November, after a disappointing performance (-2.9% y/y) in November, according to data published by the statistics…
iulian ernst · Journalist
· Updated · 2 min read
The industrial production volume in Romania contracted by 1.1% y/y in January-November and by 0.9% y/y in the 12 months to November, after a disappointing performance (-2.9% y/y) in November, according to data published by the statistics office INS. The production dropped by 0.7% m/m in November after adjustment for seasonality.
The state forecasting body CNP, under its December forecast, projected moderate industrial recovery in Romania this year, to gain momentum up to rates of over 2% per year during the next few years.
