Romania Industry April 2019

Romania

Romania: Industrial output rebounds in April

June 13, 2019

Industrial output rose 1.4% on an annual basis in April, contrasting a 0.2% year-on-year fall in March. According to the Statistical Institute, April’s rebound was attributable mainly to gains in the manufacturing sector, as well as in the mining and quarrying sector.

Annual average industrial output growth, meanwhile, slipped to 2.2% from 2.5% in March.

On a seasonally- and working day-adjusted basis, industrial output increased 1.1% month-on-month in April (March: +0.4% month-on-month s.a.).

FocusEconomics Consensus Forecast panelists expect industrial output to increase 3.1% in 2019, which is down 0.1 percentage points from last month’s estimate. The panel expects industrial output to increase 3.4% in 2020.


Author:, Economist

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Romania Industry April 2019

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


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