Romania’s industrial production rose 1.2 pct in March, turnover up 9.3 pct

The industrial production increased by 1.2 percent in March year-on-year, the lowest pace in eleven months, due to a sharp slowdown in the Romanian manufacturing sector, and the turnover index of industry rose 9.3 percent, National Institute of Statistics (INS) data showed on Friday.

Compared with February 2018, the industrial production increased by 0.5 percent as series adjusted by number of working days and seasonality.

Production in the manufacturing sector, the largest sector of Romania’s industry, remained flat (+0 percent) year-on-year, mining and quarrying grew by 7.6 percent, while electricity production increased by 6.5 percent in March, according to official data.

The slowdown of the industrial production had a small impact on turnover of Romania’s industry, which climbed 9.3 percent year-on-year in March.

In the first quarter of 2018, the industrial production increased by 4.9 percent year-on-year and industry’s turnover rose by 13.7 percent.

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