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New orders for Romania's manufacturing industry over January 1 - May 31, 2021 were 27 percent up in nominal terms from the same period in 2020 on the back of growth in the durables industry (+37.5 percent), the intermediate goods industry (+32.7 percent) and the capital goods industry (+27.0 percent), the National Institute of Statistics (INS) informs.
Compared to the previous month, new orders in the manufacturing industry sank 5.6 percent in May as a result of the decline in the durables industry (-11.7 percent), the capital goods industry (-9.5 percent) and the FMCG industry (-3.8 percent). The only category to grow this May were orders for the intermediate goods industry - with an advance of 1.6 percent.
Year-on-year, new manufacturing orders increased 52.7 percent overall in May 2021 due to growth in the intermediate goods industry (+65.3 percent), the capital goods industry (+52.1 percent), the durables industry (+34.2 percent) and the FMCG industry (+12.6 percent).
New industrial orders represent the value of contracts concluded in the reporting month between a producer and a customer and refer to deliveries of goods and services by the former, regardless of the period in which they are to be honored, taxes, rebates and discounts excluded.
