Romania Industry June 2021

Romania

Romania: Industrial output grows at softer pace in June

August 12, 2021

Industrial output grew 12.5% in year-on-year terms in June, moderating from May’s 30.5% jump. The print was driven by growth in the electricity, gas, steam and air conditions supply, manufacturing, and manufacturing and quarrying.

On a monthly basis, factory output swung to a 0.3% expansion on a seasonally-adjusted basis in June from an 8.4% decline in May. Meanwhile, the trend improved markedly, with the annual average variation of industrial production coming in at 6.7% in June, up from May’s 4.4%.

FocusEconomics Consensus Forecast panelists expect industrial output to expand 9.3% in 2021, which is up 0.5 percentage points from last month’s estimate. The panel expects industrial output to increase 5.5% in 2022.


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Romania Industry June 2021

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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