Industrial production grew more in Romania than in the EU in October compared to September

The industrial production in the euro zone stagnated in October 2024 as compared to September 2024, while in the EU it slightly grew by 0.3% and Romania is among the member states where industrial production grew from one month to the other, show the data published on Friday by the European Office for Statistics (Eurostat).According to those data, the highest increases of industrial production, in October as compared to September, were recorded in Ireland (5.7%), Denmark (5.4%) and Poland (3.5%). In Romania, the industrial production grew by0.4% in October, after in September it stagnated.   On a year-on-year basis, in October 2024 compared with October 2023, industrial production fell by 1.2% in the euro area and by 0.8% in the EU. Romania is among the member countries with year-on-year declines in industrial production, with a 1% decline. However, the October decline is smaller than the 3.8% decline in Romania's industrial production in September 2024 compared with September 2023.   Data previously published by the National Institute of Statistics (NSI) show that industrial production (gross series) in Romania in October 2024 increased by 6.2% in October 2024 compared with the previous month, thanks to increases in the three industrial sectors: mining and quarrying (+8%), production and supply of electricity, gas, hot water and air conditioning (+7.9%) and manufacturing (+5.9%). The industrial production, adjusted series depending on the number of working days and seasonality, was higher than the previous month by 0.4%as a result of the growth in mining industry (+4.2%) and manufacturing industry (+3%). The production and supply of electricity and thermal energy, gas, hot water and air conditioning dropped by 0.8%.Compared to the respective month of the previous year, industrial production (gross series) grew by 1.3% supported by the growth of minig industry (+2.3%) and manufacturing industry (+1.7%). The production and supply of electricity and thermal energy, gas, hot water and air conditioning dropped by 2.9%.Industrial production, working-day and seasonally adjusted, was down by 0.9% compared with the same month of the previous year, as a result of decreases in electricity, gas, hot water and air conditioning supply (-3.2%) and manufacturing (-0.8%). Mining and quarrying rose by 2%.