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October 23, 2020
BUSINESS

Romania’s drop in new industrial orders – 4th steepest in the EU

In October last year new industrial orders rose by 0.6 per cent month-on-month at EU level, however in Romania they dropped by 2.6 per cent, the fourth steepest drop among the 26 member states included in the data that Eurostat presented yesterday.


The highest growth levels were reported in Lithuania (16 per cent), Latvia (9.8 per cent) and Greece (9.5 per cent). At the opposite end, the steepest drops were reported in Hungary (-6.8 per cent), Luxembourg (-3.6 per cent), Belgium (-2.7 per cent) and Romania. The 14.1 per cent year-on-year growth that Romania reported in October last year is close to the EU average of 14.3 per cent. Thus, Romania reported the 15th largest growth in new industrial orders among member states.


Eurostat also shows that in November 2010 Romania reported the 6th largest industrial production price growth in the EU – 7.3 per cent over the same period last year – while the European average stood at 4.8 per cent. The industrial production price’s month-on-month growth (0.8 per cent) was the 6th largest in the EU, the EU average standing at 0.5 per cent. The highest industrial production price hikes were reported in Ireland and Greece (1.3 per cent each), Bulgaria, Hungary and Great Britain (1.1 per cent each). Cyprus reported the only IPP drop (-0.7 per cent), while the IPP remained stable in Malta, Slovenia and Slovakia.

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