BUSINESS

Eurostat: Romania, 5th place in EU in terms of industrial production growth in September

Industrial production in the European Union (EU 28) and in the Eurozone rose by 0.6% in September 2014 compared with August 2014, with Romania having been among the countries where the industrial production recorded the highest growth rates month on month, according to the data released on Wednesday by the European Statistical Office (Eurostat). According to these data, in September, the largest increases in industrial production were recorded in Croatia (4.6%), Czech Republic (4.5%), Ireland (4.1%), Hungary (2.7%) and Romania (2.4%). In the case of Romania, September’s growth comes after three consecutive months of decline in the industrial production.
At year-on-year rate, in September 2014 compared with September 2013, the industrial production in the European Union and the Eurozone went up by 0.6%, as well. In this case also, Romania is among the states where industrial production recorded the highest growth rates (3.8%), having been surpassed only by Ireland (22.1%), Czech Republic (5.6%) and Hungary (5.1%).
According to data published by the National Institute of Statistics, in September 2014, the industrial production in terms adjusted to the number of working days and seasonality, increased by 2.4%, due to the growth of processing industry (+3.3%). The mining industry and the generation and supply of electricity and thermal energy, gas, hot water and air conditioning decreased by 4.9% and 3% respectively.
Also, in September 2014, compared to the same month of the previous year, industrial production, in terms adjusted to the number of working days and seasonality, rose by 4.9%, due to the growth of the processing industry (+6.4%). The generation and supply of electricity and thermal energy, gas, hot water and air conditioning decreased by 6.7%, whilst the mining industry went down by 2.1%.

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