Romania Industry

Romania

Romania: Industry loses momentum in June

August 11, 2014

In June, industrial output rose 10.4% over the same month last year, which was below the 12.7% increase tallied in May. According to the National Institute of Statistics, the increase came as a result of a deceleration in production in the mining and quarrying sector as well as in electricity.

On a month-on-month basis, industrial production fell 0.70%, which contrasted the revised 2.70% increase recorded in May (previously reported: +2.62% month-on-month). Conversely, annual average growth in industrial production rose from 8.9% in May to 9.3% in June.

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 June 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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