Romania Industry November 2021

Romania

Romania: Decline in industrial output softens in November

January 14, 2022

Industrial output dropped 1.9% year-on-year in November (October: -4.7% yoy). The smaller drop was largely due to less pronounced falls in manufacturing and mining and quarrying output.

On a seasonally-adjusted monthly basis, factory output rose at a quicker rate of 2.5% in November (October: +0.6% mom), the best result since April. Meanwhile, annual average industrial production growth fell to 7.6% in November (October: +7.8%), signaling a worsening trend in the industrial sector.

FocusEconomics panelists expect industrial output to expand 3.6% in 2022, which is down 0.8 percentage points from last month’s estimate. The panel expects industrial output to increase 3.9% in 2023.


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Romania Industry November 2021

Note: Year-on-year and annual average variation of seasonally- and working day-adjusted industrial production index in %.
Source: National Institute of Statistics.


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