Romania Industry March 2016

Romania

Romania: Growth in industrial production moderates in March

April 13, 2016

Industrial output rose 0.2% in March over the same month last year, coming below the 0.8% expansion tallied in February. According to the National Institute of Statistics, the expansion mainly reflected an increase in manufacturing that more than offset a drop in the other two components of the index, mining and quarrying, and electricity, gas and steam.

On a month-on-month basis, industrial production rose from February’s revised 0.5% expansion (previously reported: +1.0% year-on-year) to a 2.9% rise in March. Despite the increase, annual average growth in industrial production edged down from 2.3% in February to 2.1% in March.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 2.9% in 2016, which is down 0.2 percentage points from last month’s estimate. The panel estimates that industrial output will increase 4.4% in 2017.


Author: Jean-Philippe Pourcelot, Economist

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Romania Industry March 2016

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


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