Romania, 5th EU industrial production drop

Romania recorded in June, the fifth decline in EU industrial production from May, 2.2%, while the EU indicator was a contraction of 1.2% and the euro area fell by 0 7%, according to Mediafax.
Industrial production fell in Greece and Poland in rhythm similar to that of Romania and the steep corrections were recorded in Denmark (-5.8%), Portugal (-3.5%), Finland (-3.3% ) and Slovenia (-2.7%), according to data presented on Friday by Eurostat.

Latvia and Lithuania recorded the strongest growth of industrial production in the EU in June from May, 4.1% and 3.7%.

Production of durable goods fell 2.2% in the EU in the period analyzed, while perishable consumer goods industry dropped by 0.8%. The intermediate goods sector was noticed a decrease of 1.3% and 2.9% in the capital goods. Energy production also dropped by 0.8%.

Compared to June last year, industrial production in the EU increased by 1.7% and 2.9% in the euro area. 1.8% growth registered in Romania is 11th in the EU.

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