Romania Industry March 2017

Romania

Romania: Industrial production growth soars in March

May 11, 2017

Industrial output rose 10.3% in March from the same month last year, up from February’s 5.2% increase. According to the National Institute of Statistics, production in the manufacturing sector accelerated strongly, offsetting a slowdown in the electricity, gas, steam and air conditioning supply sector and a fall into contractionary territory in the mining and quarrying sector.



On a seasonally adjusted month-on-month basis, industrial production grew 2.6% in March, up from February’s revised 1.3% increase (previously reported: +0.6% month-on-month). Meanwhile, annual average growth in industrial production rose to 3.5% in March (February: +2.8%).

FocusEconomics Consensus Forecast panelists expect industrial production to expand 3.4% in 2017, which is unchanged from last month’s estimate. The panel predicts that industrial output will increase 3.8% in 2018.


Author:, Economist

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Romania Industry March 2017

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


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