Romania's Jan - June industrial turnover falls 14 pct YoY

Autor: Ioana Necula, Redactor

Publicat: 12-08-2020

Actualizat: 12-08-2020

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Sursă foto: Twitter

Romania's industrial turnover overall (domestic and foreign market) was 14 percent down in nominal terms in H1 2020 compared to the same period of 2019, due to the 15.2-percent decrease in the mining industry and the 14-percent decline in the manufacturing industry, shows data released on Wednesday by the National Institute of Statistics (INS).

By major industrial groups, the setback in turnover was as follows: energy (-31.5 pct), capital goods (-21.2 pct), intermediate goods (-9.0 pct), durables (-6.9 pct), and FMCG (-2.9 pct).

YoY, the industrial turnover was 10.2 percent down this June, as a result of the decline in the manufacturing industry (-10.3 pct) and in the mining industry (-6.4 pct).

The YoY setback in the major industrial groups was as follows: energy (-38.5 pct), capital goods (-15.4 pct), intermediate goods (-4.2 pct), FMCG (-3.9 pct). The turnover of the durables industry was 14.1 percent up.

The industrial turnover was 20.1 percent up this June from the previous month due to growth in the manufacturing industry (+20.7 pct) and in the mining industry (+0.2 pct).

By major industrial groups, there was a turnover growth in the durables industry (+40.8 pct), the capital goods industry (+ 33.5 pct), the energy industry (+18.4 pct), the FMCG industry (+14.2 pct) and the intermediate goods industry (+10.7 pct).

INS said that the information released today captures the impact of the COVID-19 crisis and of the measures taken by the authorities as a result of the imposition of the state of emergency starting with March 16, 2020 and of the state of alert beginning with May 17, 2020.

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