Romania Industry December 2017

Romania

Romania: Industrial production continues expanding at a strong rate in December

February 13, 2018

Industrial output expanded a robust 7.9% in annual terms in December, albeit down from November’s remarkable 9.2% growth rate. According to the Statistical Institute, the healthy reading came on the back of strong growth in the manufacturing and the mining and quarrying sectors, whereas steam and air conditioning, electricity and gas output contracted slightly.



On a seasonally- and working-day adjusted month-on-month basis, industrial production jumped 3.7% in December, following a much softer 1.0% expansion in November. Meanwhile, annual average growth in industrial production improved on November’s strong showing of 7.9%, ramping up to 8.2% in December—a multi-year high.

Romania Industrial Production Forecast


FocusEconomics Consensus Forecast panelists expect industrial production to expand 4.6% in 2018, which is up 0.3 percentage points from last month’s estimate. The panel predicts that industrial output will increase 3.9% in 2019.


Author: Massimo Bassetti, Economist

Sample Report

Looking for forecasts related to Industry in Romania? Download a sample report now.

Download

Romania Industry Chart


Romania Industry December 2017

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


Romania Economic News

More news

Search form