Romania Industry

Romania

Romania: Industrial production improves markedly in May

July 10, 2014

In May, industrial output rose 12.5% over the same month last year, which was well above the 1.4% increase tallied in April. The expansion marked the fastest growth pace since August 2011. According to the National Institute of Statistics, the increase came as a result of an acceleration in production in the mining and quarrying sector as well as in manufacturing.

On a month-on-month basis, industrial production rose 2.62%, which contrasted the revised 1.02% drop recorded in April (previously reported: -0.31% month-on-month) and marked the fastest growth rate in four months. In addition, annual average growth in industrial production rose from 7.7% in April to 8.9% in May.

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 May 2014 0

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


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