Romania Industry February 2022

Romania

Romania: Industrial output grows in February

April 13, 2022

Industrial output increased 0.6% compared to the same month a year earlier in February, following January's 0.4%. The upturn largely reflected growth in manufacturing that offset contractions in mining and quarrying and electricity, gas, steam and air conditioning supply production.

On a seasonally-adjusted monthly basis, industrial production fell 1.0% in February (January: +1.8% mom). Meanwhile, annual average industrial production growth rose to 7.5% in February (January: +7.4%).

FocusEconomics Consensus Forecast panelists expect industrial output to expand 2.7% in 2022, which is down 0.1 percentage points from last month’s estimate. In 2023, the panel expects industrial output to increase 4.1%.


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Romania Industry February 2022

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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