Romania Industry

Romania

Romania: Industrial production expands at slowest pace in 11 months

June 11, 2014

In April, industrial output rose 2.6% over the same month last year, which was well below the 10.8% increase tallied in March. The expansion marked the slowest growth pace since May 2013. According to the National Institute of Statistics, the increase came as a result of a contraction in production in the mining and quarrying sector as well as in the electricity, gas and steam sector.

On a month-on-month basis, industrial production fell 0.31%, which contrasted the revised 1.19% increase recorded in March (previously reported: +1.11% month-on-month). In addition, annual average growth in industrial production fell from 9.2% in March to 7.8% in April, which marked the slowest rate in five months.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 5.4% in 2014, which is up 0.3 percentage points from last month’s estimate. The panel estimates that industrial output will increase 5.2% in 2015.


Author:, Senior Economist

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Romania Industry Chart


Romania Industry April 2014

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


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