Romania Industry June 2016

Romania

Romania: Growth in industrial production eases in June

August 11, 2016

Industrial output rose 1.1% in June over the same month last year, coming in just below the revised 1.2% expansion tallied in May (previously reported: +1.5% year-on-year). According to the National Institute of Statistics, the slowdown chiefly reflected a contraction in mining and quarrying, which nullified the gains made in manufacturing.

On a seasonally-adjusted month-on-month basis, industrial production swung from May’s revised 4.2% contraction (previously reported: -4.0% mom) to a 2.0% expansion in June. Meanwhile, annual average growth in industrial production inched down from 2.4% to 2.3%.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 2.5% in 2016, which is down 0.4 percentage points from last month’s estimate. The panel estimates that industrial output will increase 3.9% in 2017.


Author:, Economist

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