Romania Industry December 2018


Romania: Industrial production contracts in December

February 13, 2019

Industrial output dropped 0.8% in annual terms in December, contrasting November's 2.6% expansion. According to the Statistical Institute, November’s fall came on the back of contractions in the manufacturing and mining and quarrying sectors, while the supply of electricity, gas, steam and air conditioning sector recorded a slight expansion.

On a seasonally- and working-day adjusted month-on-month basis, industrial production output slipped 0.9% in December, following November’s 0.2% decrease. Annual average growth in industrial production, meanwhile, fell from 4.4% in November to 3.6% in December.

Romania Industrial Production Forecast

FocusEconomics Consensus Forecast panelists expect industrial production to expand 3.9% in 2019, which is unchanged from last month’s estimate. The panel predicts that industrial output will increase 3.3% in 2020.

Author: Massimo Bassetti, Senior Economist

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Romania Industry Chart

Romania Industry December 2018 0

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

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