Romania: Industrial production growth stable in January
March 11, 2014
In January, industrial output rose 10.1% over the same month last year, which was virtually unchanged from the 10.2% increase observed in December. According to the National Institute of Statistics, the increase came as a result of an improvement in manufacturing, while electricity as well as mining and quarrying rose at a slower pace compared to the previous month. On a month-on-month basis, industrial production rose 2.28%, which contrasted the revised 0.65% decrease recorded in December (previously reported: -1.14% month-on-month). In addition, annual average growth in industrial production rose from 7.9% in December to 8.3% in January. 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