Romania Industry June 2017

Romania

Romania: Industrial production moderates in June but remains strong

August 23, 2017

Industrial output moderated to a still-vigorous 8.9% annual expansion in June, which was down from 17.3% in May. According to the Statistical Institute, growth slowed in the manufacturing and mining sectors, while the electricity and gas sector underwent a small acceleration.



On a seasonally-adjusted month-on-month basis, industrial production contracted 1.4% in June, contrasting the 3.3% expansion registered in May. Meanwhile, annual average growth in industrial production rose 5.2% in June, up from May’s 4.5%.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 4.7% in 2017, which is up 0.1 percentage points from last month’s estimate. The panel predicts that industrial output will increase 4.0% in 2018.


Author:, Economist

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Romania Industry June 2017

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


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