Romania Industry September 2016

Romania

Romania: Growth in industrial production slows in September

November 11, 2016

Industrial output expanded 3.4% in September from the same month last year, down from August’s 5.3% expansion. According to the National Institute of Statistics, only the manufacturing component of the index grew—and at a slower pace. Mining and quarrying activity contracted, but at a slower rate, while output in the electricity, gas, steam and air conditioning sector contracted at a slightly steeper rate.

On a seasonally-adjusted month-on-month basis, industrial production accelerated from August’s 0.9% expansion to a 1.0% increase in September. Meanwhile, annual average growth in industrial production remained unchanged at 1.6%.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 1.7% in 2016, which is unchanged from last month’s estimate. The panel estimates that industrial output will increase 3.2% in 2017.


Author:, Economist

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Romania Industry Chart


Romania Industry September 2016

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


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