Romania Industry


Industrial production slows down in January

According to preliminary estimates, in January industrial output rose 1.2% over the same month last year, which was down from the 3.1% increase tallied in December. According to the National Institute of Statistics, January’s deceleration was mainly the result of a strong contraction in mining and quarrying, which tumbled after a significant rise was tallied in the previous month. Conversely, manufacturing accelerated compared to the previous month, while electricity, gas, steam and air conditioning improved somewhat in January, although the category did continue to post a contraction.

On a month-on-month basis, industrial production rose 0.9% in January, which was up from the 0.1% increase observed in December and marked the highest reading in four months. Annual average growth in industrial production decreased from December’s 6.2% to 5.4% in January.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 5.2% in 2015, which is down 0.2 percentage points from last month’s estimate. The panel estimates that industrial output will increase 5.5% in 2016.

Author:, Economist

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Romania Industry Chart

Romania Industry January 2015

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

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