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January 18, 2022
BUSINESS

Romania records EU’s largest industrial production growth in June


The industrial production grew by 0.3 per cent in the euro area and by 0.4 per cent in the European Union in June 2013 compared to the same month a year ago, with the largest increase from among the EU members being recorded by Romania (9.6 per cent), according to the European Statistics Office (Eurostat). In this June compared to May, Romania posted the second-largest growth in the industrial production in the EU (5.7 per cent), being outrun only by Ireland (8.7 per cent). The industrial production expanded in June 2013 in the EU by 0.7 per cent in the euro area and 0.9 per cent in the EU27 compared to May 2013. The industrial production growth comes after Romania, in May, had the second-steepest drop in the industrial production in the EU (minus 9.1 per cent). Figures released by the Romanian National Institute for Statistics reveal that the industrial production in the first half-year was up by 6 per cent from January-June 2012 both as a gross series and workdays- and seasonally-adjusted series. The growth was accounted for by the processing industry (7.5 per cent) and mining industry (6.2 per cent). The industrial production in June grew both by gross series and workdays- and seasonally-adjusted series by 0.7 per cent and 5.7 percent respectively as compared to May. When compared to June 2012, the industrial production grew by 5.0 per cent gross series and 7.6 per cent adjusted series.

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