Page 126 - SE Outlook Regions 2023

segment and, on the other hand, the effect of a sharp expansion of
logistics projects and more abundant public spending.

As regards public spending, the figures suggest significant amounts
channelled to new constructions and capital repair works as well.

3.9.6 Major Sectors

Romania’s automobile production set a new record in 2022. The
country surpassed Hungary and Italy by automobile production.

Romania ranks as the sixth-largest automobile producer in the EU,
according to the volume produced in the nine months, with 376,047
units – almost 20% more compared to the same period the previous
year and more than countries such as Hungary or Italy produced this
year.

The production of passenger cars from the two factories in Romania
neared 50,000 vehicles in November, bringing the total number of cars
produced in the year-to-date period to 473,535 units.

The full-year production is likely, under these circumstances, to exceed
the record reached in 2019, and also to surpass the 500,000 units
threshold. In November, Dacia assembled 33,066 cars, above the
manufacturer's monthly average for the year, which confirms a positive
trend. At the same time, in Craiova, Ford Otosan produced 15,496 cars,
a volume lower than the monthly average of the manufacturer, but
higher than the previous month.

In the case of Ford, the preparations for entry into the production of
new models added to the withdrawal of production of the EcoSport,
which resulted in a lower activity level. Dacia will certainly surpass the
300,000-unit threshold this year, but it remains unclear whether Ford
will reach the 200,000-unit level.

126 SE Outlook 2023 www.intellinews.com