Heat and power, one of the areas affected

Romania's industrial production recorded a decrease of 4.8% in the first ten months of 2023 compared to the same period in 2022.

According to data published by the National Institute of Statistics , here are the main points:

Sectors affected:

Electricity and heat, gas, hot water and air conditioning: A significant decrease of 10.5%.

Manufacturing industry: Registering a decrease of 4.3%.

Mining and quarrying: By contrast, up 3.1%.

Adjusted series:

Overall decline: Industrial production, adjusted for working days and seasonality, fell 5%.

Sectoral contributions: Notable decreases in Electricity, gas, hot water and air conditioning (10.5%), manufacturing (4.3%), while mining and quarrying increased by 3.1%.

Monthly performance (October 2023):

Overall growth: Industrial production increased by 0.6% from the previous month.

Contrasting sectors: Increases in electricity and heat, gas, hot water and air conditioning (+8.3%) and mining and quarrying (+1.3%), while manufacturing fell 0.4%.

Monthly adjusted series: A decrease of 1.2%, with negative contributions from manufacturing (-2%), mining and quarrying (-1.9%), and electricity and heat, gas, hot water and air conditioning (-0.6%).

Compared to the previous year (October 2023 vs. October 2022):

Overall decrease: Industrial production decreased by 2.3%, with negative contributions from all three sectors.

Adjusted series compared to previous year (October 2023 vs. October 2022):

Significant drop: A 4.9% decline, with manufacturing (-4.5%), electricity and heat, gas, hot water and air conditioning (-5.4%), and mining and quarrying (-1.6%) making negative contributions.