Romania reports highest December 2009 industrial output growth in EU27

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Romania has reported the highest December 2009 industrial output growth in EU27, year on year, of 6.9 percent, according to data released on Friday by the Eurostat Statistical Office of the European Communities.

In December 2009 compared with November 2009, seasonally adjusted industrial production fell by 1.7 percent in the euro area – Belgium, Germany, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland – and by 1.9 percent in the EU27. This is for the 20th consecutive month that industrial output was down year on year.

Industrial production fell in all Member States for which data are available, except Romania (±6.9 percent), Poland (±4.8 percent), Slovenia (±2.7 percent) and the Netherlands (±1.1 percent). The largest decreases were reported in Denmark (-19.3 percent), Bulgaria (-12.1 percent), Estonia (-10.7 percent) and Lithuania (-8.3 percent).

In December 2009 compared with November 2009, production of intermediate goods decreased by 2.4 percent in the euro area and by 2.6 percent in the EU27. Capital goods fell by 1.6 percent and 2.4 percent respectively. Durable consumer goods rose by 0.7 percent in the euro area and by 0.4 percent in the EU27. Non-durable consumer goods grew by 1.0 percent and 0.3 percent respectively. Energy increased by 2.1 percent in the euro area and by 1.3 percent in the EU27.

Among the member states for which data are available, industrial production fell in twelve, rose in six and remained stable in France. Provisional data released on Friday by Romania’s National Statistics Institute (INS) indicate that industrial output in Romania, unadjusted series, was down 5.5 percent overall in 2009, year on year, while industrial output adjusted for business days and seasonality was down 5.7 percent.
Industrial output unadjusted series was also down 12.9 percent in December 2009 on a monthly basis, but up 11.6 percent from December 2008. Adjusted for business days and seasonality, it was down 0.5 percent.

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