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Eurostat: Romania records smallest factory output in EU

Romania’s October factory output fell1.4% from the same period of last year, at a seven times slower rate than EU average of 10.2%. Romania’s industrial production drop is the EU smallest, data from the European statistical office show.Industrial production in the euro area fell 11.1% in October year-on-year.In October, factory output fell in all Member States for which data are available, except Ireland and Poland, where production grew 2% and 1% year-on-year respectively.After Romania, the smallest decreases in factory output were observed in Portugal – 5.2%, and the Netherlands - 6.1%. The largest decreases were registered in Estonia – 20.9%, Finland – 19.1% and Slovenia – 18.4%.On a monthly basis, Romania’s industrial production rose 0.3%, while the EU registered a 0.7% decline. In the euro area, factory output dropped 0.6%.Nine EU Member States registered increases on a monthly basis. Estonia registered stagnation in industrial production. The biggest increases month-on-month were observed in Finland (+2.2%) and Bulgaria (+2.1%). The largest decreases were registered in Slovenia (-3.2%), Ireland (-2.8%) and Germany (-1.8%).