Industrial production, which accounts for almost a quarter of the Romanian economy, registered an increase of 10.3% in August compared to the same month last year.

The growth was supported by the positive evolution of the mining and quarrying and manufacturing industries, according to the National Statistics Institute (INS).

In July, industrial production grew by 7.4% year-on-year. In total, industrial production went up by 8.2% in the first eight months of this year over the same period in 2016.

Compared to the previous month, industrial production declined by 8.9% as gross series in August, but increased by 2% as a series adjusted by the number of working days and seasonality. Last year it grew by 1.7% over 2015, after an increase of 2.7% in 2015.

editor@romania-insider.com