Romania Industry December 2016

Romania

Romania: Industrial production slows in December

February 10, 2017

Industrial output rose 3.6% in December from the same month of the previous year, down from November’s 5.4% increase. According to the National Institute of Statistics, production in the manufacturing and electricity, gas, steam and air conditioning supply sectors accelerated, while the contraction in the mining and quarrying sector deepened compared to November.



On a seasonally-adjusted month-on-month basis, industrial production increased 1.6% in December, up from November’s 1.0% expansion. Meanwhile, annual average growth in industrial production remained stable at November’s 1.8%.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 3.4% in 2017, which is up 0.2 percentage points from last month’s estimate. The panel predicts that industrial output will increase 3.9% in 2018.


Author:, Economist

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Romania Industry Chart


Romania Industry December 2016

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


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