Romania: Industrial production decelerates in February
April 10, 2014
In February, industrial output rose 8.9% over the same month last year, which was down from the 10.0% increase tallied in January. According to the National Institute of Statistics, the increase came as a result of an improvement in electricity output as well as in mining and quarrying, whereas manufacturing rose at a slower pace compared to the previous month.
On a month-on-month basis, industrial production fell 1.26%, which contrasted the revised 3.18% increase recorded in January (previously reported: +2.28% month-on-month). In addition, annual average growth in industrial production inched up from 8.3% in January to 8.4% in February.
FocusEconomics Consensus Forecast panelists expect industrial production to expand 3.9% in 2014, which is unchanged from last month's estimate. The panel estimates that industrial output will increase 4.5% in 2015.
Author: Dirina Mançellari, Senior Economist