Industrial production declines 13.7pct in Romania eight months into 2020

 

Unadjusted August 2020 industrial production was down 10.5% on a monthly basis, but production adjusted for business days and seasonality was up 3.9% on a monthly basis.

 

Y-o-y, August 2020 production was down 4.3% when unadjusted and down 5.1% when adjusted forworking days and seasonality.

 

January 1 and August 31, 2020, compared with the same period in 2019, industrial production, unadjusted, was 13.7% lower on decreases in the manufacturing industry (-15.2%), mining and quarrying (- 10.9%) and the production and supply of electricity, heat, gas, hot water and air conditioning (-5.7%).

 

When adjusted for business days and seasonality, industrial production in the first eight months of 2020, compared with January 1 - August 31, 2019, decreased by 14.2%, as a result of decreases in the manufacturing industry ( -15.3%), mining and quarrying (-10.3%) and the production and supply of electricity, heat, gas, hot water and air conditioning (-6.4%).

 

Unadjusted August 2020 production was lower than the July 2020 production by 10.5% on decreases in all three industrial sectors: manufacturing (-12.1%), mining and quarrying (- 3.1%) and the production and supply of electricity, heat, gas, hot water and air conditioning (-2.1%).

 

When adjusted for business days and seasonality, industrial production was 3.9% higher than in the previous month. The manufacturing industry increased by 4.2%, while mining and quarrying and the production and supply of electricity, heat, gas, hot water and air conditioning decreased by 3.7% and 1.2%, respectively.

 

Against the same month of the previous year, industrial production unadjusted decreased by 4.3%, as a result of the declines in mining and quarrying (-10.5%), the manufacturing industry (-4.3%) and the production and supply of electricity, heat, gas, hot water and air conditioning (-1.6%).

 

When adjusted for business days and seasonality, industrial production decreased by 5.1%, as a result of decreases in all the three industrial sectors: mining and quarrying (-10.2%), manufacturing (-4 , 6%) and the production and supply of electricity, heat, gas, hot water and air conditioning (-1.9%).