Romania Industry July 2022

Romania

Romania: Industrial output falls at a softer pace in July

September 14, 2022

Industrial output decreased 0.9% compared to the same month a year earlier in July, which was a less pronounced drop than June's 2.1% decrease. Looking at the details of the release, the manufacturing, mining and quarrying and electricity, gas, steam and air conditioning supply sub-sectors all recorded softer declines in July.

On a monthly basis, factory output increased 0.3% in seasonally-adjusted terms in July, rebounding from June’s 2.4% fall and marking the best result since January. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 2.2%, down from June's minus 1.7%.

Our panelists expect industrial output to expand 0.2% in 2022, which is down 1.4 percentage points from last month’s estimate. In 2023, the panel expects industrial output to increase 2.9%


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