Romania Industry July 2019

Romania

Romania: Industrial output falls for a second consecutive month in July

September 12, 2019

Industrial output fell 3.0% on an annual basis in July, an improvement from June’s 6.2% contraction but marking the second fall in a row. According to the Statistical Institute, July’s result reflected a softer contraction in manufacturing output, particularly in capital goods production.

Annual average industrial output growth, meanwhile, decreased to 0.3% after 1.2% in July.

On a seasonally- and working day-adjusted basis, industrial output fell 3.3% month-on-month in July, an 18-month low (May: -1.8% month-on-month s.a.).

FocusEconomics Consensus Forecast panelists expect industrial output to increase 1.4% in 2019, which is down 0.8 percentage points from last month’s estimate. The panel expects industrial output to increase 3.2% in 2020.


Author:, Economist

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Romania Industry July 2019

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


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