Romania Industry

Romania

Romania: Growth in industry picks up in December

February 12, 2015

According to preliminary estimates, in December industrial output rose 3.1% over the same month of the previous year, which was notably up from the revised 0.3% observed in November (previously estimated: +2.8% year-on-year). According to the National Institute of Statistics, December’s figure came as a result of an expansion in manufacturing, as well as in mining and quarrying. Conversely, electricity, gas, steam and air conditioning posted a stronger contraction than in the previous month.

On a month-on-month basis, industrial production fell 0.2% in December, which was up from the 0.9% drop tallied in November. Despite December’s improvement, annual average growth in industrial production decreased from November’s 6.8% to 6.2%, marking the lowest reading in almost a year and a half.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 6.9% in 2015, which is down 0.2 percentage points from last month’s estimate. The panel estimates that industrial output will increase 5.9% in 2016.


Author:, Economist

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Romania Industry Chart


Romania Industry December 2014

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


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