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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 iulian@romania-insider.com. 

 

Romania’s industrial output stagnates below pre-crisis peak

Romania’s seasonally-adjusted industrial production index has stagnated in August for the fourth month in a row, dragged down by disruptions in the automobile industry and long-term contraction of light industries.

In contrast, the production of electric and electronic devices keeps growing at robust rates while other industries such as those of construction materials and metallic constructions maintain an upward trend as well.

As of August, Romania’s industrial production index increased by 3.1% YoY, while lagging 0.8% below the level seen in August 2019, before the crisis.

In the first eight months of the year, the total output increased by 12.7% YoY - but this is not particularly relevant, given the low base effects. Compared to the first eight months of 2019, the industrial output was 2.8% lower.

Automobile production was 8.7% smaller in January-August this year compared to the same period of 2019, while the apparel production contracted by over one third (-35%).

As opposed to the light industries that undergo a long-term decrease (that gained momentum during the pandemic), the automobile production had gained ground before the crisis, and it seemed to recover in the months after - only to be depressed by the semiconductor crisis this year.

iulian@romania-insider.com

(Photo source: Pixabay.com)

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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 iulian@romania-insider.com. 

 

Romania’s industrial output stagnates below pre-crisis peak

Romania’s seasonally-adjusted industrial production index has stagnated in August for the fourth month in a row, dragged down by disruptions in the automobile industry and long-term contraction of light industries.

In contrast, the production of electric and electronic devices keeps growing at robust rates while other industries such as those of construction materials and metallic constructions maintain an upward trend as well.

As of August, Romania’s industrial production index increased by 3.1% YoY, while lagging 0.8% below the level seen in August 2019, before the crisis.

In the first eight months of the year, the total output increased by 12.7% YoY - but this is not particularly relevant, given the low base effects. Compared to the first eight months of 2019, the industrial output was 2.8% lower.

Automobile production was 8.7% smaller in January-August this year compared to the same period of 2019, while the apparel production contracted by over one third (-35%).

As opposed to the light industries that undergo a long-term decrease (that gained momentum during the pandemic), the automobile production had gained ground before the crisis, and it seemed to recover in the months after - only to be depressed by the semiconductor crisis this year.

iulian@romania-insider.com

(Photo source: Pixabay.com)

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