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Romania’s Exports Decreased By 0.4%

Romania's new cabinet, expected to get PMs endorsement on May 7, takes the office under rather harsh economic circumstances and furthermore it has to deal with several hot topics plus many deadlines postponed during the first year of the stand-by agreement with the IMF. Weaker external demand already made an impact on the industrial production and exports. Romania's exports decreased by 0.4% on the year to EUR 3.5bn in February, showing signs of fatigue after more than two years of sound expansion. The industrial production index went down by an annual 1.2% in February as the decline in the core manufacturing sector was even a steeper 3.3% on the year. Romania's industry returned where it was before crisis and the exports surpassed pre-crisis levels, but further growth is problematic given external demand, weak FDI and cautious financial intermediation.

Industrial Production, seasonally & workday adjusted (2005=100)

Rolling 112M exports (EUR mn)

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