Romania records EU’s largest industrial production growth in June

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The industrial production grew by 0.3 percent in the euro area and by 0.4 percent in the European Union in June 2013 compared to the same month a year ago, with the largest increase from among the EU members being recorded by Romania (9.6 percent), show figures made public by the European Statistics Office (Eurostat) on Tuesday.

In this June compared to May, Romania posted the second-largest growth in the industrial production in the EU (5.7 percent), being outrun only by Ireland (8.7 percent). According to Eurostat, the industrial production expanded in June 2013 in the EU by 0.7 percent in the euro area and 0.9 percent in the EU27 compared to May 2013.

The industrial production growth comes after Romania, in May, had the second-steepest drop in the industrial production in the EU (minus 9.1 percent).

Figures released by the Romanian National Institute for Statistics reveal that the industrial production in the first half-year was up by 6 percent from Jan.-June 2012 both as a gross series and workdays- and seasonally-adjusted series. The growth was accounted for by the processing industry (7.5 percent) and mining industry (6.2 percent).

The industrial production in June grew both by gross series and workdays- and seasonally-adjusted series by 0.7 percent and 5.7 percent respectively as compared to May. When compared to June 2012, the industrial production grew by 5.0 percent gross series and 7.6 percent adjusted series.

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