Romania Industry June 2018

Romania

Romania: Growth in industrial production accelerates in June

August 10, 2018

Industrial output expanded 4.6% in annual terms in June, a notable acceleration from May’s 1.2% growth rate. According to the Statistical Institute, the expansion in June came on the back of sustained growth in the manufacturing, and mining and quarrying sectors. Production in the electricity and gas, steam and air conditioning sector, however, contracted.

On a seasonally- and working-day adjusted month-on-month basis, industrial production output expanded 1.6% in June, strongly contrasting May’s 0.4% contraction. Annual average growth in industrial production, nevertheless, fell from May’s 6.6% to 6.4% in June.

Romania Industrial Production Forecast


FocusEconomics Consensus Forecast panelists expect industrial production to expand 4.6% in 2018, which is up 0.3 percentage points from last month’s estimate. The panel predicts that industrial output will increase 3.9% in 2019.


Author: Massimo Bassetti, Economist

Sample Report

Looking for forecasts related to Industry in Romania? Download a sample report now.

Download

Romania Industry Chart


Romania Industry June 2018

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


Romania Economic News

More news

Search form