Romanian industry on upward trend for the first 11 months of 2015

Industrial production has registered an upward trend during the first 11 months of 2015, with production going up by 3.1 percent as adjusted series (2.6 percent as gross series) year on year, while turnover in Romanian industry registered a 2.2 percent rise, data from the National Institute for Statistics (INS) show.

Growth in production was supported by the manufacturing industry (up 3.2 percent – gross series; 3.4 percent adjusted) and the production and supply of electricity, gas, steam, and air conditioning (up 2.2 percent – gross series; 2.7 percent as adjusted series). An 11.7 percent decrease (in gross series) was reported in the mining and quarrying industry (11.6 percent as adjusted series).

The overall turnover increase registered by the sector was due to rises in manufacturing (up 2.5 percent), while mining and quarrying fell by 5.6 percent.

By main industrial groups, there were rises in turnover in the following sectors: capital goods industry (up 8.4 percent), durable goods industry (up 5.7 percent), intermediate goods industry (up 3.2 percent) and non-durable goods industry (up 2.4 percent). There were decreases in the energy industry (down 22.8 percent).

In November 2015, industrial production went up by 1.9 percent y-o-y (gross series), due to the growth of the manufacturing industry (up 2.8 percent). The mining and quarrying industry (down 17.4 percent) and the production of supplying of electricity, gas, steam and air conditioning (down 0.2 percent) decreased.

In terms of turnover, when comparing November 2015 with the same month of the previous year, there was a 1.9 percent rise in Romanian industry owed to positive results in manufacturing (up 2.5 percent). There was a decrease in mining and quarrying of 12.7 percent.

By main industrial groups, there were rises in turnover in the following sectors: capital goods industry (up 13.5 percent), durable goods industry (up 5 percent), non-durable goods industry (up 3.5 percent) and intermediate goods industry (up 1.1 percent). There were decreases in the energy industry (down 37.5 percent).

The EU bloc saw an overall increase in production also, according to data from Eurostat, going up by 1.4 percent in November 2015 y-o-y, due to production of capital goods rising by 2 percent, intermediate goods by 1.8 percent, durable consumer goods by 1.7 percent and non-durable consumer goods by 0.8 percent, while production of energy fell by 1.2 percent.

Among member states for which data are available, the highest increases in industrial production were registered in Ireland (14.2 percent), Slovakia (11.9 percent) and Hungary (7.1 percent), and the largest decreases in the Netherlands (8 percent) and Estonia (6.2 percent).