Romania, among the EU countries with the strongest advance of industrial production in May


Industrial production returned to growth in the European Union and the euro area in May, after two consecutive months of decline following the isolation measures imposed by Covid-19, but still declining compared to the same period last year, shows data released on Tuesday by the European Statistical Office (Eurostat).

According to data, industrial production increased by 12.4% in the euro area and by 11.4% in the European Union (EU 28), in May 2020 compared to April 2020, and among the Member States the most significant increases were were registered in Italy (42.1%), France (20%), Slovakia (19.6%), Hungary (15.6%) and Romania (15.1%), according to Agerpres.

In contrast, on an annual basis, in May 2020 compared to May 2019, industrial production decreased by 20.9% in the euro area and by 20.5% in the EU. The most important decreases were registered in Slovakia (minus 33.5%), Hungary (minus 27.6%) and Romania (minus 27.4%).

Data previously published by the National Institute of Statistics of Romania show that in May 2020, industrial production increased, as a gross series, compared to the previous month, by 22.2%, due to the results recorded in the manufacturing industry (+31.8%). As a series adjusted according to the number of working days and seasonality, industrial production was higher than the previous month by 15.1%, an increase supported by the manufacturing industry (+20.6%).


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