Romania’s Exports Decreased By 0.4%

May 15, 2012 11:31 PM ET
Eileen Gu profile picture
Eileen Gu's Blog
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Contributor Since 2009

Providing industry information, market research, indepth analysis and data from China research and Intelligence. China Research and Intelligence publishes market research reports, industry analytical reports, company reports and industry databases. CRI also provides outsourcing and custom services for research agencies and report readers.

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)

To get more details, please see…

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.