Romania’s industrial output contracts 1.6% y/y in 2024 despite Q4 rebound

Romania’s industrial output contracts 1.6% y/y in 2024 despite Q4 rebound

Romania’s industrial output contracts 1.6% y/y in 2024 despite Q4 rebound. / bne IntelliNews

By bne IntelliNews February 14, 2025

Romania’s industrial output (chart) declined by 1.6% year on year in 2024, following a 3.0% contraction in 2023, despite a modest 0.4% y/y increase in Q4 – the first quarterly expansion since Q3 2022.

The utilities sector weighed on overall performance, posting a 4.7% y/y decline for the year and a 3.1% drop in Q4. Meanwhile, manufacturing output fell by 1.1% y/y in 2024, despite a 1.1% y/y increase in Q4.

Several industries bucked the negative trend, including food manufacturing (+6.7% y/y), chemicals (+8.7% y/y), oil refining (+7.7% y/y), paper manufacturing (+8.7% y/y) and transport equipment production excluding automobiles (+12.4% y/y).

Despite record-high automobile production, the sector’s industrial output fell by 5.7% y/y.

Light industries suffered the sharpest declines, contracting between 10% and 20% y/y. Other struggling sectors included electronic and optical equipment manufacturing (-10.3% y/y) and rubber and plastic manufacturing (-5.3% y/y).

#romania #industry #macro #bneChart

Read in IntelliNews Pro

Get IntelliNews Pro

Related Content

Romania’s GDP grows 0.9% in 2024, flash estimate shows

Romania’s President Iohannis resigns

Europe's economic woes made worse by looming trade war with US, says Goldman Sachs

Romania’s GDP grows 0.9% in 2024, flash estimate shows

Romania’s President Iohannis resigns

Europe's economic woes made worse by looming trade war with US, says Goldman Sachs

Data

Russia’s CBR maintains key rate at 21% after putting brakes on lending

The board of the Central Bank of Russia (CBR) at the policy meeting of February 14 resolved to keep the key interest rate at 21%. As followed by bne IntelliNews, this is in line with expectations.

Romania’s GDP grows 0.9% in 2024, flash estimate shows

Romania’s economy expanded by 0.9% year on year in 2024 (chart), after posting a 0.7% y/y increase in Q4, according to a flash estimate from the national statistics office.

Azerbaijan's energy production stable as investments in Shah Deniz and ACG continue

Azerbaijan's energy sector maintained steady production in 2024, with significant investments directed toward the Shah Deniz gas-condensate field and the Azeri-Chirag-Gunashli oil and gas block, according to BP report.

Polish GDP growth accelerates to 3.7% y/y in Q4

EU has continued to buy Russian fertilizer throughout war – Statista

The Center for European Policy Analysis (CEPA) has called for increased economic pressure on Russia as well as secondary sanctions on companies supporting its war efforts in a new report, released February 11.

Russia’s CBR maintains key rate at 21% after putting brakes on lending

Romania’s GDP grows 0.9% in 2024, flash estimate shows

Azerbaijan's energy production stable as investments in Shah Deniz and ACG continue

Polish GDP growth accelerates to 3.7% y/y in Q4

EU has continued to buy Russian fertilizer throughout war – Statista

Dismiss

Chat with usLiveChat