Exports climbed in November 2012 but imports dived, bringing lower the trade deficit
Exports data for November 2012 showed a positive evolution, rising 0.9% yoy in EUR terms while imports decreased 9.5%, impacted probably by deteriorated domestic demand. As a result, November saw the smallest FOB/CIF trade deficit of the year (EUR 409 mn). The trade deficit for the first eleven months accounts for 5% of projected GDP, almost unchanged from the same period of 2011.
Romanian unadjusted industrial orders decreased in November
According to the latest published data, Romanian (unadjusted) industrial orders have decreased 4.2% mom in November in nominal terms. Compared to the same month of 2011, industrial orders have jumped a hefty 5.4% yoy. During the first eleven months of 2012 industrial orders have increased by 1.2% yoy.
