INS: Romania’s industrial output, down 6.9pc from July 2008
The effects of the crisis are reflected in a decline of 6.9 percent in industrial output this July from July 2008.
The industrial output’s decline is ascribed to a 16 percent regress in the mining industry and a 7.3 percent decline in the processing industry.
Electricity, heat, hot water and conditioning air production and supply increased 8.9 percent.
A breakdown by industrial branches in the July 2008 – July 2009 interval shows that decline was the most frequent process in industry, with the durables industry having gone down 15.4 percent; the intermediary goods industry 9.9 percent and the consumer goods industry 8.4 percent.
The energy industry advanced 2.8 percent, while the capital goods industry remained constant.
In the first 7 month of 2009, compared with the same interval of the year before, industrial output adjusted for business days and seasonality decreased 9.7 percent, on declines of 12 percent in the processing industry and 9.1 percent in the mining industry.
Electricity, heat, hot water and conditioning air production and supply increased 1.3 percent.
In the same interval, all the big industrial groups posted falling results: the durables industry went down 17.7 percent; the intermediary goods industry 15.9 percent; the consumer goods industry 8.2 percent; the capital goods industry 7.1 percent, and the energy industry 2.8 percent.
INS mentions that in computing the level of industrial production data is collected from nearly 10,000 business operators mainly from industrial areas. The results carry a maximum error margin of plus/minus 3 percent.
According to INS, data are provisional and can be periodically revised based on retroactive rectifications conducted by the sampled operators.