Romania\u2019s industrial output index contracted by 1.6% y\/y in 2024, after the 3.0% y\/y contraction in 2023, despite the small (+0.4% y\/y) advance seen in Q4 \u2013 the first positive quarterly performance since Q3 2022.\u00a0<\/p>\n
The sector of utilities dragged down the overall performance, both in the whole year 2024 (-4.7% y\/y) and in Q4 (-3.1% y\/y). However, the core manufacturing segment\u2019s output declined significantly by 1.1% y\/y in 2024, despite the +1.1% y\/y performance in Q4.<\/p>\n
Against the general negative trend, there are industries that performed well in 2024: food manufacturing (+6.7% y\/y), chemistry (+8.7% y\/y), oil refining (+7.7% y\/y), paper manufacturing (+8.7% y\/y), and the manufacturing of transport means other than automobiles (+12.4% y\/y).\u00a0<\/p>\n
Despite the record number of automobiles produced, the sector\u2019s industrial output contracted by 5.7% y\/y.<\/p>\n
The sectors that saw negative performances in 2024 were the light industries (-10% y\/y to -20% y\/y), manufacturing of electronic and optic equipment (-10.3% y\/y), rubber and plastic manufacturing and processing (-5.3% y\/y).<\/p>\n