Romania Industry

Romania

Romania: Growth in industry decelerates in October

December 12, 2014

In October, industrial output rose 3.7% over the same month last year, which was down from the revised 6.4% increase observed in September (previously estimated: +6.1% year-on-year). According to the National Institute of Statistics, October’s figure came as a result of an expansion in manufacturing as well as in mining and quarrying, while electricity, gas, steam and air conditioning contracted over the previous month.

On a month-on-month basis, industrial production rose 0.47%, which was below the 2.74% increase recorded in September. Annual average growth in industrial production fell from 8.1% in September to 7.5% in October, which marked the lowest reading in 11 months.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 6.9% in 2014, which is down 0.2 percentage points from last month’s estimate. The panel estimates that industrial output will increase 5.9% in 2015, which is down 0.1 percentage points from last month’s estimate.


Author:, Senior Economist

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Romania Industry Chart


Romania Industry October 2014

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


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