Industrial production, one of the leading indicators in the economy, continued to rise in September, but at a slower pace, while the volume of construction works remained in negative territory.
According to data of the National Statistics Institute (INS), industrial production was up by 1% in September against August and by 2.8% against the similar period of last year as seasonally adjusted series and as series adjusted for the number of working days.
Analysts anticipated a slowdown in the industry growth rate in the last few months of the year as a result of the constant deterioration in the expectations of economic operators and as a result of the slow recovery of Romania's main foreign trade partners.
Since it returned to growth, in November last year, industrial production has been fluctuating significantly from month to month.
Industrial production, one of the leading indicators in the economy, continued to rise in September, but at a slower pace, while the volume of construction works remained in negative territory.
According to data of the National Statistics Institute (INS), industrial production was up by 1% in September against August and by 2.8% against the similar period of last year as seasonally adjusted series and as series adjusted for the number of working days.
Analysts anticipated a slowdown in the industry growth rate in the last few months of the year as a result of the constant deterioration in the expectations of economic operators and as a result of the slow recovery of Romania's main foreign trade partners.
Since it returned to growth, in November last year, industrial production has been fluctuating significantly from month to month.
