Romania’s industrial production index decreased by 1.2% y/yin September while production recorded during the first three quarters of the year contracted by 1.5% compared to the same period of 2018, statistics office INS said.
Industrial output contracted by 3.6% y/y in Q3, which was the sharpest decline seen since the 2008-2009 recession.
The output in the core manufacturing sector contracted by 0.9% y/y in September and by 3.0% y/y in Q3.
In the third quarter of the year (and in the ytd period), the sectors of mining and utilities performed marginally worse, posting contraction rates of 5.6% and 6.3%, respectively.
As regards specific industries, light industries contracted by double digit rates in January-September compared to the same period last year while the auto production industry increased by 1.2% y/y in January-September. Notably, the production of non-metallic minerals (including construction materials) boasted a 4.3% y/y advance.