Romania Industry


Industrial production inches up in October

In October, industrial output rose 10.7% over the same month last year, which was slightly above the revised 10.3% increase observed in September (previously reported: 10.0% year-on-year). According to the National Institute of Statistics, the slight improvement came as a result of an increase in mining and quarrying as well as in manufacturing.

On a month-on-month basis, industrial production rose 1.65%, which was down from the revised 3.16% increase recorded in September (previously reported: +2.4% month-on-month). In addition, annual average growth in industrial production rose from 6.2% in September to 6.6% in October.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 3.9% in 2013, which is unchanged from last month's estimate. The panel estimates that industrial output will increase 4.5% in 2014, which is also unchanged over last month's projection.

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Romania Industry Chart

Romania Industry October 2013

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

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