Romania Industry

Romania

Romania: Industrial production growth decelerates in April

June 11, 2015

Industrial output increased 1.8% in April over the same month last year, which came in below March’s 4.4% rise. According to the National Institute of Statistics, April’s deceleration resulted from a steep contraction in mining and quarrying as well as lower manufacturing output. Electricity, gas, steam and air conditioning supply grew at a faster pace in April compared to March.

On a month-on-month basis, industrial production grew 0.1% in April, which was down from the 0.2% rise tallied in the previous month. However, annual average growth in industrial production increased from 4.4% in March to 4.5% in April.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 5.0% in 2015, which is unchanged from last month’s estimate. The panel estimates that industrial output will increase 5.5% in 2016.


Author: Teresa Kersting, Economist

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Romania Industry Chart


Romania Industry April 2015

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


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