Romania’s manufacturing trade stagnates under pre-crisis peak in Jan-Might

Romania’s industrial manufacturing has barely weakened within the first 5 months of this yr, by 0.8% in comparison with the identical interval of 2021 – nevertheless it regarded a lot weaker (-4.2%) in comparison with the primary 5 months of 2019, earlier than the pandemic.

Talking of the manufacturing industries alone, their common annual efficiency is barely within the optimistic space (+0.3% YoY) however in comparison with 2019, it nonetheless lags by practically 4%.

The performances of particular person industries are various: a small variety of sectors, such because the manufacturing of meals, drinks, and building supplies, are performing continuously properly whereas others (amongst which automotive manufacturing, chemical trade and energy-intensive industries typically) are shedding floor.

The sectors of mining and quarrying (-4.4% YoY) and utilities (-6/1% YoY) are underperforming in each annual phrases and in comparison with the pre-crisis interval.

Wanting deeper into the exercise of the manufacturing industries, automotive manufacturing has contracted by 9.8% YoY within the first 5 months of 2022 and by 16.4% in comparison with 2019.

Chemistry (dragged down by the manufacturing of fertilizers) collapsed by 21.1% YoY, and it lags by 11% versus 2019.

The manufacturing of building supplies, helped by strong building exercise, exhibits resilience: it elevated by 6.2% YoY and by 11.6% versus 2019, within the first 5 months of the yr.

The manufacturing of meals and drinks can be among the many best-performing sectors: +6.9% YoY and +3.9% YoY respectively, and even higher performances in comparison with 2019.

Regardless of optimistic annual charges, the sunshine industries lag to numerous, however constant, levels versus 2019. 

(Picture: Pixabay)

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