Romania Industry

Romania

Romania: Growth in industry accelerates in September

November 10, 2014

In September, industrial output rose 6.1% over the same month last year, which was up from the flat reading tallied in August and marked the highest result in three months. According to the National Institute of Statistics, September’s figure came as a result of an acceleration in manufacturing, which was partly offset by contractions in mining and quarrying as well as in electricity, gas, steam and air conditioning.

On a month-on-month basis, industrial production rose 2.42%, which contrasted the 2.67% decrease recorded in August. Annual average growth in industrial production fell from 8.5% in August to 8.1% in September, which marked the lowest reading in five months.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 5.4% in 2014, which is up 0.3 percentage points from last month’s estimate. The panel estimates that industrial output will increase 5.2% in 2015.


Author:, Senior Economist

Sample Report

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

Download

Romania Industry Chart


Romania Industry September 2014

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