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Romania is among the EU countries whose industrial production in August increased compared to July

07 november 2024

In Bulgarian In Albanian In Macedonian In Romanian In Serbian

 

In August 2024, industrial production in the EU and the euro area grew compared to the previous month of July, Eurostat data show. In the euro area, industrial production grew by 1.8%, while for the EU as a whole, the increase was 1.2%. Romania is among the countries contributing to this growth with a jump of 1.2% monthly, highlighting the positive trends in some parts of the European economy, BalkanEngineer.com learned from agerpres.ro.

 

 

Some countries recorded even more significant monthly growth. Ireland leads with 4.5%, followed by Germany and Lithuania with 3.3% each, and Malta with 2.7%. Against this backdrop, the Romanian upward trend, albeit modest, shows stabilisation and some progress in the country's industrial sector after a period of decline.

 

Despite these month-on-month improvements, Romania continued to see a 2.1% year-on-year decline in industrial production in August. However, this year-on-year decrease is less than the 4% decline reported in July. This points to a gradual recovery in the country's industrial sector, with fluctuations currently being seen related to industrial activity in various sectors, especially energy and manufacturing.

 

 

Photo sources: ©Engineer.BG via Canva

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