Romania Industry

Romania

Romania: Industry decelerates further in August

October 10, 2014

In August, growth in industrial output was flat over the same month last year, which was well below the 5.6% increase tallied in July and marked the weakest result since May of last year. According to the National Institute of Statistics, August’s figure came as a result of a deceleration in manufacturing that was offset by an increase in mining and quarrying as well as in electricity, gas, steam and air conditioning.

On a month-on-month basis, industrial production fell 2.75%, which followed the revised 0.55% decrease recorded in July (previously reported: -0.16% month-on-month). Annual average growth in industrial production fell from 8.8% in July to 8.5% in August.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 5.4% in 2014, which is up 0.3 percentage points from last month’s estimate. The panel estimates that industrial output will increase 5.2% in 2015.


Author:, Senior Economist

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Romania Industry Chart


Romania Industry August 2014

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


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