Romania Industry April 2022

Romania

Romania: Industrial activity falls at sharpest rate since June 2020 in April

June 14, 2022

Industrial output nosedived 8.7% year on year in April (March: -1.9% yoy). April's result marked the worst reading since June 2020. The sharper drop was primarily driven by a dive in manufacturing output. In addition, electricity, gas, steam and air conditioning supply production contracted at a steeper rate.

On a monthly basis, industrial production grew 0.6% in seasonally-adjusted terms in April, contrasting March’s 0.9% fall. Meanwhile, annual average industrial production growth fell to 1.6% in April (March: +6.1%). This signals a worsening trend in the industrial sector.

Our panelists expect industrial output to expand 3.6% in 2022, which is up 1 percentage points from last month’s estimate. In 2023, the panel expects industrial output to increase 3.4%.


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Romania Industry April 2022

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


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