Romania Industry November 2018

Romania

Romania: Industrial production loses steam in November

January 14, 2019

Industrial output grew 2.6% in annual terms in November, below October's 3.5% expansion. According to the Statistical Institute, the November’s expansion came on the back of healthy growth in the manufacturing sector, while the mining and quarrying sector continued to contract. Meanwhile, the supply of electricity, gas, steam and air conditioning sector remained broadly unchanged.

On a seasonally- and working-day adjusted month-on-month basis, industrial production output rose 0.8% in November, contrasting October’s 0.3% contraction. Annual average growth in industrial production, meanwhile, dropped from 4.9% in October to 4.4% in November, the lowest reading in 18 months.

Romania Industrial Production Forecast


FocusEconomics Consensus Forecast panelists expect industrial production to expand 3.9% in 2019, which is unchanged from last month’s estimate. The panel predicts that industrial output will increase 3.3% in 2020.


Author: Massimo Bassetti, Economist

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Romania Industry Chart


Romania Industry November 2018

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


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