Romania Industry September 2021

Romania

Romania: Industrial production plummets in September

November 12, 2021

Industrial output tumbled to 3.3% in annual terms in September, contrasting the prior month’s 0.2% increase and logging the worst print in over a year. The downturn was largely attributed to a slide in mining and quarrying production. Moreover, manufacturing output declined at a sharper rate in September.

On a monthly basis, factory output contracted 2.0% in seasonally-adjusted terms in September, following August’s 0.4% decrease. Meanwhile, the trend remained unchanged, with the annual average variation of industrial production coming in at August’s 8.4% in September.

FocusEconomics Consensus Forecast panelists expect industrial output to expand 4.7% in 2022, which is down 0.3 percentage points from last month’s estimate. The panel expects industrial output to increase 3.9% in 2023.


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Romania Industry September 2021

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


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