Romania Industry

Romania

Romania: Industry decelerates in July

September 11, 2014

In July, industrial output rose 5.7% over the same month last year, which was well below the 10.4% increase tallied in June. According to the National Institute of Statistics, July’s increase came as a result of a rise in production in the mining and quarrying sector as well as in manufacturing.

On a month-on-month basis, industrial production fell 0.16%, which followed the revised 0.77% decrease recorded in June (previously reported: -0.70% month-on-month). Annual average growth in industrial production fell from 9.3% in June to 8.8% in July.

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 July 2014 0

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


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