Coro Energy : Industrial production indices (IPI)

No. 18 /January 15, 2020

Domain: Industry

INDUSTRIAL PRODUCTION IN NOVEMBER 2019

• In November 2019, industrial production decreased by 2.8% as gross series compared to the previous month and was down 0.2% as series adjusted by number of working days and seasonality.
• Compared to the same month of the previous year, industrial production fell by 5.6% as gross series and dropped 7.7% as series adjusted by number of working days and seasonality.
• In the 1.I-30.XI.2019period, industrial production decreased by 2.2% as gross series compared to the 1.I-30.XI.2018 period and was down 3.3% as series adjusted by number of working days and seasonality.
• • 
    Monthly evolution of industrial production
    • January 2015-November 2019 -
  • series adjusted by number of working days and seasonality -

2015=100

130

120

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100

90

80

Mar.15

May.15

Jul.15

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Mar.16

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Mar.17

May.17

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May.18

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Mar.19

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Jan.15

Nov.15

Jan.16

Nov.16

Jan.17

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Jan.18

Nov.18

Jan.19

Nov.19

Total industry

Mining and quarrying

Manufacturing

Electricity

The data of the graph in xls format

In November 2019, industrial production (the gross series) decreased by 2.8% compared to the previous month due to drops in manufacturing (-4.1%) and mining and quarrying (-3.3%). The electricity, gas, steam and air conditioning supply rose by 7.1%.

Industrial production (the series adjusted by number of working days and seasonality) was down 0.2% from the previous month due to falls in mining and quarrying (-1.8%)and the electricity, gas, steam and air conditioning supply (-0.3%).Manufacturing remained at the same level.

Compared to the same month of the previous year, industrial production (the gross series) fell by 5.6% due to drops in the three industrial sectors: the electricity, gas, steam and air conditioning supply (-9.5%),mining and quarrying (-5.5%)and manufacturing (-5.0%).

Industrial production (the series adjusted by number of working days and seasonality) decreased by 7.7% due to the falls reported for the electricity, gas, steam and air conditioning supply (-9.1%),mining and quarrying (-5.4%)and manufacturing (-4.6%).

In the 1.I-30.XI.2019period, industrial production (the gross series) was down 2.2% from the 1.I-30.XI.2018 period due to drops in the electricity, gas, steam and air conditioning supply (-3.7%), mining and quarrying (-2.7%) and manufacturing (-1.9%).

Industrial production (the series adjusted by number of working days and seasonality) decreased by

3.3% in the 1.I-30.XI.2019 period compared to the 1.I-30.XI.2018 period. The electricity, gas, steam and air conditioning supply fell by 3.6%, mining and quarrying dropped 2.7%, and manufacturing was down 2.3%.

Industrial Production Indices, for the total and by section of industry

				- percentages -
Industrial Production Index - IPI		November 2019	1.I-30.XI.2019/
	compared to:
		October 2019	November 2018	1.I-30.XI.2018
TOTAL	G	97.2	94.4	97.8
	S	99.8	92.3	96.7
Mining and quarrying	G	96.7	94.5	97.3
	S	98.2	94.6	97.3
Manufacturing	G	95.9	95.0	98.1
	S	100.0	95.4	97.7
Electricity	G	107.1	90.5	96.3
	S	99.7	90.9	96.4

G = gross series; S = series adjusted by number of working days and seasonality

The data of the table in xls format

Additional information:

• The industrial production index (IPI) is a volume index and measures the evolution of the results of industrial activities in one period compared to another.
• The industrial production indices describe the evolution of industry overall, by CANE Rev. 2 sections (mining and quarrying, manufacturing, the electricity, gas, steam and air conditioning supply) and divisions, as well as by main industrial groupings.
• The indices are calculated on the basis of a sample of representative products that are grouped into 718 CPSA 2015 elementary subclasses, for which quantitative data regarding the production achieved are recorded. The aggregation of the primary indices is done through a system of successive weightings; the first aggregated indices are those at the CANE Rev. 2 subclass level, and the next levels are determined as a weighted arithmetic mean of the indices of the immediately lower level.
• Beside the gross indices of industrial production, indices that are adjusted by number of working days and seasonality are also calculated on a monthly basis, through the regressive method, using the JDEMETRA+ v2.2.0 software package (the TRAMO/SEATS method).

For an accurate interpretation of the indicators, please see the Methodological explanations attached to the press release on the homepage.

For more information, see the TEMPO online database of the NIS (the data for November 2019 will be available as of 15 January 2020), the Industry Statistical Bulletin (date of issue 21 January 2020) and the Monthly Statistical Bulletin (date of issue 29 January 2020).

Comparative data at EU level can be obtained from the Eurostat press release which comes out on Wednesday, 15 January 2020, and which can be accessed at the following address: http://ec.europa.eu/eurostat/web/main. The next press release on industrial production indices will be issued on Wednesday, 12 February 2020.

Press release archive:http://www.insse.ro/cms/en/comunicate-de-presa-view

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