Double-digit decrease in industrial production in Romania in first seven months (INS)

 

According to official statistics, between January 1 and July 31, 2020, compared to the first seven months of the previous year, industrial production (gross series) decreased by 14.9%, as a result of activities in the processing industry (-16.5%), extractive industry (-11%) and production and supply of electricity and heating, gas, hot water and air conditioning (-6.2%).

 

Also, industrial production, as series adjusted to the number of working days and seasonality, was 15.7% below the value of the reference period in 2019, due to decreases in the processing industry (-16.9%), extractive industry (-10.3%) and production and supply of electricity and heating, gas, hot water and air conditioning (-7%).

 

INS data show that, in July of this year, industrial production as gross series increased compared to the previous month by 8%, due to increases in all three industrial sectors: production and supply of electricity and heating, gas, water hot and air conditioning (+ 8.6%), processing (+ 8.0%) and extractive industry (+ 7.7%).

 

At the same time, compared to the period July 2020 - June 2020, as an adjusted series, the industrial production was higher by 3.3%, supported by the increases in the manufacturing industry (+ 4.3%), the extractive industry (+ 4.2%) and the production and supply of electricity and heat, gas, hot water and air conditioning (+ 2.7%).

 

According to the quoted source, in July 2020, compared to the corresponding month of the previous year, the industrial production (gross series) decreased by 6.5%, as a result of the data registered in the extractive industry (-10.4%), the processing industry (-7%) and the production and supply of electricity and heating, gas, hot water and air conditioning (-1.6%).

 

At the same time, industrial production, as series adjusted to the number of working days and seasonality, decreased by 9.9%, as a result of the decreases recorded in three industrial sectors: extractive industry (-10.4%), processing industry (-7.3%) and production and supply of electricity and heating, gas, hot water and air conditioning (-2.2%).