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Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at [email protected] 

 

Romania’s industry loses steam in Nov after six-month recovery

Romania's industrial production index, seasonally adjusted, edged down by 0.6% in November, compared to October, after six months of recovery, during which it made up for most of the deep plunge seen in March.

As of October, the index was only 2.7% behind the pre-crisis peak reached in February, but the recovery paused in November when it slipped to -3.3% versus February.

The decline in November was more significant in the core manufacturing sector, where the seasonally adjusted index contracted by 1.7% compared to October.

Still, the lag versus February is in line with the industry-wide 3.3% average.

In annual terms, the gross industrial production index deepened in the negative territory (-3.3% year-on-year) in November after it recorded the first post-crisis positive annual performance in September (+0.2% year-on-year).

For the whole January-November period, Romania's industrial output contracted by 10.2% year-on-year, with a slightly steeper (11.3%) decline in the manufacturing sector.

The light industry plunged by roughly 30% year-on-year, oil processing and automobile production dropped by nearly 20%.

However, some industries (chemical products, pharmaceuticals) posted positive growth rates in the low single-digit area. Tobacco processing also performed well. 

(Photo: Pexels)

[email protected]

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Profile picture for user iuliane
Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at [email protected] 

 

Romania’s industry loses steam in Nov after six-month recovery

Romania's industrial production index, seasonally adjusted, edged down by 0.6% in November, compared to October, after six months of recovery, during which it made up for most of the deep plunge seen in March.

As of October, the index was only 2.7% behind the pre-crisis peak reached in February, but the recovery paused in November when it slipped to -3.3% versus February.

The decline in November was more significant in the core manufacturing sector, where the seasonally adjusted index contracted by 1.7% compared to October.

Still, the lag versus February is in line with the industry-wide 3.3% average.

In annual terms, the gross industrial production index deepened in the negative territory (-3.3% year-on-year) in November after it recorded the first post-crisis positive annual performance in September (+0.2% year-on-year).

For the whole January-November period, Romania's industrial output contracted by 10.2% year-on-year, with a slightly steeper (11.3%) decline in the manufacturing sector.

The light industry plunged by roughly 30% year-on-year, oil processing and automobile production dropped by nearly 20%.

However, some industries (chemical products, pharmaceuticals) posted positive growth rates in the low single-digit area. Tobacco processing also performed well. 

(Photo: Pexels)

[email protected]

Normal
 

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