Romania's industrial production drops in May
<p>Romania's manufacturing industry significantly contributed to a 4% increase in industrial turnover in the first five months of 2024, compared to the same period in 2023, with a 4.9% rise. However, the mining sector saw a 15.8% decline, according to data released by the National Statistics Institute (INS) on July 17.&nbsp;</p>

<p>Notably, the capital goods, durable consumer goods, and current-use goods industries experienced growth, while the energy sector and others reported declines.&nbsp;</p>

<p>In May 2024, industrial turnover dropped by 7.1% year-on-year and 8.5% versus April due to weaker performances in both manufacturing and mining.</p>

<p>Meanwhile, new orders in the manufacturing industry rose by only 0.8% in the first five months of 2024 compared to the previous year.</p>

<p>Capital goods drove this increase despite declines in intermediate goods, durable consumer goods, and current-use goods.&nbsp;</p>

<p>However, new orders in May 2024 fell 7.2% year-on-year, influenced by declines across various industrial sectors. From April to May 2024, new orders decreased by 3.6%, except for current-use goods, which saw a 10.3% rise.</p>

<p><em>andrei@romania-insider.com</em></p>

<p><em>(Photo source: <a href="https://www.dreamstime.com/" rel="noopener" target="_blank">Silviu Matei/Dreamstime.com)</a></em></p>