Turnover in industry goes up 4.7% in Romania in 2016

Romania’s industry turnover increased by 4.7% last year compared to 2015, mainly due to the growth in the manufacturing industry, according to data of the National Statistics Institute (INS). Meanwhile, the turnover in the mining and quarrying industry decreased by 27%. The biggest turnover growth was recorded in the durable goods industry (+17.7%), followed by the capital goods industry (+10%), the consumer durables (+6%), and intermediate goods industry (+0.7%). The energy industry recorded a turnover decrease of 10.7%. In December 2016, the turnover in industry dropped by 10.9% compared to the previous month, as a result of decreases in the manufacturing industry (-11.2%). The mining and quarrying industry saw a monthly increase of 1.5%. The durable goods industry recorded a monthly drop of 20.5%, whereas the intermediate goods industry saw a drop of 20%. Monthly decreases were also recorded in the capital goods industry (-9.7%), and consumer durables industry (-2.9%). The monthly decrease was mainly due to seasonal factors. editor@romania-insider.com