Latest reading: Manufacturing output grew 1.9% compared to the same month a year earlier in May, matching April’s increase. Looking...
Industrial Production in Romania
The Romanian economy recorded an average industrial production growth rate of 6.2% in the decade to 2024. In 2024, industrial production growth was -1.7%. For more industry information, visit our dedicated page.
Romania Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Romania from 2014 to 2024.
Source: Macrobond.
Romania Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -9.2 | 6.5 | 0.9 | -2.5 | -1.7 |
Decline in industrial activity softens in March
Latest reading: Industrial output decreased 0.5% in seasonally and calendar-adjusted month-on-month terms in March, which was a less pronounced drop than February's 2.3% decrease. The softer contraction was primarily due to improvements in manufacturing plus mining and quarrying output. That said, energy output contracted. On a seasonally and calendar-adjusted annual basis, industrial production plummeted to 7.7% in March (February: -3.4% yoy), the worst result since June 2020. Moreover, the trend pointed down, with the annual average variation of industrial production coming in at an over one-year low of minus 2.3%, down from February's minus 1.3% reading.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Romanian industry projections for the next ten years from a panel of 10 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Romanian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Romanian industry projections.
Want to get access to the full dataset of Romanian industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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