Romania’s industrial output declined in August for the third month in a row, as external and internal demand falls, raising questions regarding the sustainability of the current government policies, says Business-Review.eu.
Official data show that industrial output dropped by 7 percent year-on-year in August, following two months of decline – by 6.6 percent in June and by 3 percent in July.
According to the report, new orders dropped, while managers’ expectations fell steadily from one month to the next.
Managers expect layoffs as the labour force indicator in the sector maintained in negative territory (44, meaning contraction).
In the first eight months of this year, the industrial production declined by 1.6 percent year-on-year as the production in manufacturing, the largest sector of Romania’s industry, decreased by 1.5 percent, mining and quarrying inched down by 2.4 percent, while energy output decreased by 2.2 percent.
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