Romania Industrial Output 8% in Q3 2006

Romania Industrial Output Advances 8% in Q3 – 2006

Romania’s industrial output will stagnate in the third quarter of 2006 as against April-June 2006, but it will advance 8 percent as against July-September 2005, informs a study of the National Economic Projection Commission. According to estimations, industrial production will have advanced 7.1 percent compared with the year before. “The industrial output was recovered by the food industry, road transport, furniture and quarrying,” the Commission shows. Its chairman Ion Ghizdeanu says the results are also due to the good economic results of the Euro zone that exceeded expectations in the first half of the year. A strong growth of industrial production will increase the GDP, with authorities expecting a 6 percent economic increase overall this year. The Commission forecasts for the third quarter a 77.3 percent increase in exports compared with the second quarter, to 6.9 billion euros. Exports could advance by 19 percent over first nine months, up to 19.6 billion euros. The report shows that imports over the third quarter will amount to 10.26 billion euros, up 3.6 percent as against Q2 of the year.