Romania’s industrial production volume index, adjusted for seasonality and workdays, increased by +1.8% q\/q in Q2, marking the third consecutive growth of positive dynamics according to data published by the statistics office on August 14.\u00a0<\/p>\n
Compared to the same period last year, the output was 0.3% lower (-3.7% y\/y in Q1) while it lagged by -6.9% below the average 2019 (pre-pandemic) level.<\/p>\n
The quarterly advance was even steeper, +2.3% y\/y, in the core manufacturing sector. Compared to 2019, the manufacturing sector lags by -5.7%.<\/p>\n
Manufacturing of food advanced by +1.4% q\/q and by +2.6% y\/y, witnessing a stable rebound. There are not many industries with such dynamics \u2013 one of them being the manufacturing of pharmaceuticals, which advanced by +4.9% q\/q and +24.3% y\/y.\u00a0<\/p>\n
The manufacturing of automobiles (and other road vehicles) increased by +4.8% q\/q but lagged -1.0% in y\/y terms. In its turn, the crude refining industry lost ground on a quarterly basis (-1.0% q\/q) but boasts a +17.5% y\/y advance.\u00a0<\/p>\n
Metallurgy gained momentum with a +2.6% q\/q advance of its output in Q2, but on a low base: it remained -15.3% below the same period last year.<\/p>\n
For the entire H1, the industrial output contracted by -2.0% y\/y.<\/p>\n
For the rolling 12 months to June, the industrial output contracted by -1.5% y\/y, close to the -1.6% average decline in 2024.<\/p>\n
Unlike in H1, the industrial output’s performance will not be dented by high-base effects.<\/p>\n
Erste\u00a0projects moderate improvement to -0.4% growth of Romania’s industry in full 2025.<\/p>\n