Romania Industry September 2019

Romania

Romania: Industrial output contracts for a third consecutive month in September

November 13, 2019

Industrial production slid 1.2% on an annual basis in September, following August’s revised 6.7% fall, which had marked the worst result since May 2009. September’s improvement reflected softer contractions in all three sub-components of the index: manufacturing, mining and utilities supply.

The annual average variation in industrial output, meanwhile, edged down to minus 0.7% in September (August: +0.3%).

On a seasonally- and working day-adjusted basis, industrial output rose 1.9% month-on-month in September (August: +0.5% month-on-month s.a.).

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 Chart


Romania Industry September 2019

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


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