Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Eurostat: Romania, among the member states with the...

Eurostat: Romania, among the member states with the highest increases in industrial production prices in July

October 3, 2024

The prices of the products  leaving the factory gates registered, in July 2024, compared to June 2024, an increase of 0.8% both in th European Union and in the euro zone, but Romania is among the EU member states with the highest increases in industrial production prices, the data show published on Wednesday by Eurostat.   According to these data, from one month to the next, industrial production prices increased in most member states, but the most important increases were recorded in Bulgaria (3.6%), Greece (2.9%) and Romania (2.7%).  Eurostat specifies that the evolution of industrial production prices in the EU was particularly influenced by the 2.5% advance in energy prices.   On an annual basis, the prices of industrial production registered a decrease of 2.1% in the euro zone and a decline of 1.9% in the EU. Romania is among the member states with the highest increase in industrial production prices, with an advance of 2.7% at an annual rate. A greater increase was registered only in Ireland where industrial production prices increased by 6.1% at an annual rate.    The prices of industrial production in the EU were primarily influenced by energy prices, which registered a decline of 6.9% on an annual basis. The change of prices at the factory gates is usually attributed to final consumers and therefore can be an indicator of the evolution of  inflation that the European Central Bank targets through its monetary policy.   The National Institute for Statistics (INS) published its own data on Tuesday, according to which the prices of industrial production (domestic market and foreign market) had an upward evolution of 2.6% in July of this year, compared to the same period of 2023.   This July, industrial production prices on total markets increased by 2.1%.   According to INS, for the large industrial groups the industrial production price index recorded in July 2024 vs.July 2023 a jump of 0.12% in the case of consumer goods, of 0.22% in capital goods and of 6.33% in the energy industry. Onn the other hand, decreases were reported in the intermediate goods industry (-0.34%) and in the durable goods industry (-0.45%).   By section, increases were reported in the extractive industry (+2.62% compared to July 2023), the processing industry (+2.46%), the production and supply of electricity and thermal energy, gas, hot water and air conditioning (+3.30%) and water distribution; sanitation, waste management, decontamination activities (+13.78%).

Read in full - click here
Voxxed Days Bucharest 2025: “To stay competitive, Romania’s IT sector must sell innovation, not just billable hours”

Voxxed Days Bucharest 2025, an event dedicated to IT professionals and software developers, will take place on March 26-27, 2025, at Crowne Plaza Hotel Bucharest. This year, the conference reaches the next level by emphasizing the development of intrapreneurial skills among software developers - an essential step in shifting from an outsourcing-based...

Exim Banca Romaneasca facilitates the updating of personal data through internet/mobile banking

Exim Banca Romaneasca continues to expand its portfolio of digital services and now offers individual customers the possibility to update their personal data entirely electronically via internet/mobile banking. This convenient and accessible method allows for periodic data updates anytime and from anywhere, without the need to visit a branch. To update their data via internet/mobile […]

A rising star in Romanian professional esports: Iulia “Yushia” Boldor on taking on League of Legends tournaments

Iulia Boldor, better known as Yushia, is a women’s trailblazer in the traditionally male esports world. The rising industry has found room for female representation in recent years, and the 22-year-old Romanian is at the forefront of its most popular gaming competitions, the League of Legends professional tournaments, as part of the French esports organization […]

Premiere: Lin Holmquist, one of Europe’s most acclaimed experts in Tantra, Yoga, and personal development, comes to Bucharest this June

The renowned therapist will be in Romania for the first time as part of DiFine Your Essence, a series of events combining personal, professional, and spiritual development Lin Holmquist, one of Europe’s most respected Tantra and personal transformation facilitators, will be in Romania for the first time from June 27-29 as part of EnlightX, the […]

Holcim invests over EUR 450,000 in water recycling system at Stăncești aggregate plant in Romania

Holcim Romania has invested over EUR 700,000 in its Stăncești aggregate plant in Prahova county, with more than EUR 450,000 dedicated to a state-of-the-art water recycling and purification system. This investment significantly reduces the plant’s water consumption by approximately 80%, the company said. “This investment is a clear demonstration of our commitment to improving operations […]

Leaders of Romanian far-right parties AUR and POT announce presidential bids, one to withdraw after validation

Romanian far-right leaders George Simion (AUR) and Anamaria Gavrilă (POT) have announced their candidacies for Romania’s 2025 presidential election following the invalidation of Călin Georgescu’s bid. The two politicians stated that only one of them would remain in the race after their candidacies are officially validated. Simion, the leader...