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October 24, 2021

Romania’s growth in industrial orders – 4th in the EU

The 2.9 per cent monthly growth in the value of new industrial orders in October 2009 places Romania on 4th place in the EU, considering that the indicator dropped by 1.6 per cent at EU level, Mediafax informs quoting Eurostat. The growth registered in October represents the second consecutive growth registered in Romania after three months of drops. Of the 23 states included in the Eurostat analysis, ten registered positive developments in the value of new industrial orders in October, with the highest growth being registered by Hungary (7.4 per cent), Slovenia (5.1 per cent) and Latvia (4.4 per cent). The Netherlands is also on fourth place, in a tie with Romania. Moreover, according to Eurostat data, Romania is among the four EU member states that registered industrial production price hikes in November and that had the highest hike of 1.9 per cent, in contrast to average drops of 2.4 per cent at EU level and of 3.1 per cent in the Euro Area. The only annual growth registered by that indicator was registered in Romania and Poland (1.8 per cent), Greece and Great Britain (0.8 per cent).

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