Industrial production declines 13.7pct in Romania eight months into 2020

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Industrial production declines 13.7pct in Romania eight months into 2020

Industrial production in Romania decreased in the first eight months of 2020 both when unadjusted and when adjusted for business days and seasonality, by 13.7% and 14.2%, respectively, compared with the same period in 2019, according to data published on Wednesday by the of Statistics (INS).

2020 industrial production was down 10.5% on a monthly basis, but production adjusted for business days and seasonality was up 3.9% on a monthly basis.

Y-o-y, August 2020 production was down 4.3% when unadjusted and down 5.1% when adjusted forworking days…

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