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June 25, 2022

Romania, EU’s fourth-highest industrial annual output growth in January

Romania posted in January the fourth-largest increase in industrial production EU-wide, four-times the 27 member-strong union average, according to Eurostat (European Communities Statistics Office). The country’s industrial output rose 6.8 per cent in January of this year against January 2009, against an EU average of 1.5 per cent, and 1.4 per cent in the Euro zone respectively. The top-three growth rates were recorded by Malta (14.3 per cent), Poland (11 per cent) and the Czech Republic (8 per cent). At the opposite end, Denmark (down 9.8 per cent), Lithuania (-5.5 per cent), Greece (-4.4 per cent) and Spain (-2.5 per cent).

Industrial work productivity last year was up 12.5 per cent from 2008, amid steadfast personnel downsizing, and will increase roughly 26 per cent this year against the year earlier period , given staff cuts estimates of 13 per cent, according to a CNP conjectural poll in the first quarter of 2010.

Work productivity rose 12.9 per cent in 2009 on the 2008 rate, on the back of massive industrial layoffs. Economic agents forecast a first quarter work productivity decline of about 1.6 per cent compared to the last three months of 2009, but a nearly 26 per cent rise against the corresponding interval last year, as a results of higher efficiency aimed at offsetting crisis effects.

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