Romania Industry November 2020

Romania

Romania: Industrial output growth moderates in November

January 13, 2021

Industrial production grew 0.4% year-on-year in November, easing from October’s 0.9% November’s result largely reflected expanding electricity supply output.

On a monthly basis, industrial output fell 0.6% in seasonally-adjusted terms in November, contrasting October’s 1.8% expansion, and contracting for the first time since April. Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 10.2% in November, up from October's minus 10.8% reading.

FocusEconomics Consensus Forecast panelists expect industrial output to expand 9.0% in 2021, which is up 1.3 percentage points from last month’s estimate. The panel expects industrial output to increase 5.2% in 2022.


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Romania Industry November 20 20 0

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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