Romania Industrial Output Falls at Softer Pace in June
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Industrial production in Romania shrank 5.5% year-on-year in June after an upwardly revised 5.8% drop in May, figures from the Bucharest-based National Institute of Statistics (INS) on Wednesday show.
It was the eighth straight month of contraction.
Output fell further for electricity, gas, steam & air-conditioning (-10.1% vs -12.6% in May), and manufacturing (-5.1% vs -3.9%).
On the other hand, production of mining & quarrying expanded faster (6.0% vs 5.5%).
On a seasonally adjusted monthly basis, industrial output fell 2.1%, the third straight month of decline, following an upwardly revised 1.5% decrease in the previous month.
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