Industrial production, one of the leading indicators in theeconomy, continued to rise in October, but slowed down its pace to2%.
According to data from the National Statistics Institute,industrial production went up by 2% in October against October2009, one of the lowest rates. Industrial output was flat comparedwith September. The slowdown of industrial growth in the last fewmonths of the year was anticipated by analysts considering thecontinuous deterioration of economic operators' expectations andthe slow recovery of Romania's main foreign trade partners.
ING analysts say industrial activity data are not favourable tofourth-quarter GDP data and signal a slowdown in exports, but theslower decline in the volume of construction works could partiallyoffset this.
Industry continued its rise in the third quarter, but at a slowerpace than in April-June, 4.2%.
Since it returned to growth, in November last year, industrialproduction fluctuated significantly from one month to the next. Thelowest year-on-year growth rate was recorded in February.
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