Romania Industry November 2019

Romania

Romania: Industrial output contracts at sharpest pace in over a decade in November

January 15, 2020

Industrial production dived 7.7% year-on-year in seasonally- and working day-adjusted terms in November, following October’s 7.6% fall and marking the sharpest contraction since May 2009. November’s slump reflected sizeable declines in output in all three sectors: manufacturing, mining and quarrying, and electricity supply.

The annual average variation in industrial output, meanwhile, fell to minus 2.8% in November from minus 2.0% in October. Lastly, in seasonally- and working day-adjusted month-on-month terms, industrial production slipped 0.2% in November, following October’s 1.9% dip.

FocusEconomics Consensus Forecast panelists expect industrial output to increase 1.9% in 2020, which is unchanged from last month’s estimate. The panel expects industrial output to increase 2.7% in 2021.


Author:, Economist

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Romania Industry November 2019

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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