Romania Industry April 2017

Romania

Romania: Industrial production contracts in April

June 14, 2017

Industrial output swung to a 0.6% contraction in April from the same month last year, from March’s 10.9% expansion (previously reported: +10.3%). This marks the lowest result in nine months. According to the National Institute of Statistics, a contraction in both the electricity, gas, steam and air conditioning supply sector and in manufacturing drove the decline and offset an expansion in the mining and quarrying sector.

On a seasonally-adjusted month-on-month basis, industrial production swung from March’s 2.7% expansion (previously reported: +2.6% month-on-month) to a 0.5% contraction in April. Meanwhile, annual average growth in industrial production rose 3.2% in April, down from March’s 3.5%.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 3.9% in 2017, which is up 0.2 percentage points from last month’s estimate. The panel predicts that industrial output will increase 3.8% in 2018.


Author:, Economist

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Romania Industry April 2017 0

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


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