Investment in economy slightly up in Q1

Romania, second place in EU for industrial production price rise in April, according to Eurostat.

The net investment in the national economy was up 0.5 per cent in Q1 2013 compared to the same period in 2012, amounting to RON 12,351 bn, according to the provisory data published by the National Statistical Institute (INS) yesterday. In Q1 2013, the increase of investment in the national economy was due to the rise of structure elements – equipment (including means of transport) by 15.3 per cent and other expenditure by 10.9 per cent. The new construction works structure element posted a decrease by 15.2 per cent.
Compared to Q1, 2012, in Q1 2013 there was a rise of the share held by equipment (including means of transport) in the total net investment by 7.1 per cent and in other expenditure by 1.0 per cent.
Another INS report shows that the prices of industrial production went down by 0.7 per cent in April compared to the previous month, mainly in the energy sector, but still keep the annual growth rate of 3 per cent coming from the evolution of fast moving consumer goods and energy products. Compared to March, the prices of industrial production decreased both on the local market (-0.4 per cent) and the foreign market (-1.4 per cent).
The prices of energy products were determinant for the monthly evolution of industrial production prices. Compared to the previous month, the prices of industrial production posted a decrease by 1.9 per cent in the energy industry, by 0.5 per cent in the capital goods industry, by 0.3 per cent in the intermediary goods industry and 0.1 per cent in the consumer goods industry.
On the other hand, Eurostat says industrial production prices dropped by 0.2 per cent both in the eurozone and in the European Union in April 2013 compared to April 2012. Romania, on the other hand, posted 4.9 per cent rise, which places it on the second place in the EU, after Estonia, where the prices of industrial production recorded 11.3 per cent growth, according to data published by the European Statistical Office (Eurostat).

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