Romania Industry

Romania

Romania: Industrial production recovers in June

August 11, 2015

Industrial output rose 3.0% in June over the same month last year, which contrasted May’s 0.5% contraction that had represented the first drop in two years. According to the National Institute of Statistics, June’s recovery mainly resulted from a strong pickup in the electricity, gas, steam and air conditioning supply category. In addition, mining and quarrying contracted at a much softer pace in June than in May. Conversely, manufacturing growth decelerated notably in June.

On a month-on-month basis, industrial production rose 0.6% in June, which contrasted the 0.1% drop tallied in the previous month. Annual average growth in industrial production fell from 3.4% in May to 2.8% in June.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 4.2% in 2015, which is down 0.1 percentage points from last month’s estimate. The panel estimates that industrial output will increase 4.8% in 2016.


Author: Teresa Kersting, Economist

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Romania Industry Chart


Romania Industry June 2015

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


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