Romania Industry


Romania: Industrial production contracts in August

October 10, 2013

In August, industrial output increased 4.3% over the same month last year, which was well below the revised 11.6% expansion recorded in July (previously reported: +11.4% year-on-year). According to the National Institute of Statistics, the deterioration was broad-based, with manufacturing marking the biggest drop.

On a month-on-month basis, industrial production decreased 1.0% in August in seasonally and working-day adjusted terms, which was below the 0.1% drop recorded in July. Meanwhile, annual average growth in industrial production increased from 5.1% in July to 5.3% in August.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 3.9% in 2013, which is unchanged from last month's estimate. The panel estimates that industrial output will increase 4.5% in 2014, which is unchanged from last month's projection.

Author:, Senior Economist

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Romania Industry Chart

Romania Industry August 2013

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

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