Romania Industry March 2019

Romania

Romania: Industrial output falls slightly in March

May 14, 2019

Industrial output declined 0.2% on an annual basis in March, contrasting the 1.9% year-on-year rise in February. According to the Statistical Institute, March’s dip was largely driven by the sharp contraction of the utilities supply sector, which more than offset gains in mining and quarrying, as well as in manufacturing output.

On a seasonally- and working day-adjusted monthly basis, industrial output increased 0.3% in March, following the 0.7% month-on-month expansion in February. Annual average growth in industrial output, meanwhile, slipped to 2.5% from 2.6% in February.

FocusEconomics Consensus Forecast panelists expect industrial output to increase 3.9% in 2019, which is unchanged from last month’s estimate. The panel expects industrial output to increase 3.3% in 2020.


Author:, Economist

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Romania Industry Chart


Romania Industry March 2019

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


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