Industry in Romania
Romania - Industry
Industrial activity deteriorates in March
Industrial output declined 1.6% in year-on-year terms in March, which contrasted February's 0.7% increase. Looking at the details of the release, March's drop was largely driven by a fall in manufacturing output. In addition, production contracted in both the mining and quarrying, and electricity, gas, steam and air conditioning supply sub-sectors.
On a seasonally-adjusted monthly basis, industrial production fell at a softer rate of 0.7% in March, compared to February’s -1.2%. Meanwhile, annual average industrial production growth fell to 6.2% in March (February: +7.6%), signaling a worsening trend in the industrial sector.
Our panelists expect industrial output to expand 2.6% in 2022, which is down 0.1 percentage points from last month’s estimate. In 2023, the panel expects industrial output to increase 3.8%.
Romania - Industry Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 2.8 | 1.8 | 7.8 | 3.5 | -3.3 |
Romania Industry Chart
Source: National Institute of Statistics and FocusEconomics calculations.
Romania Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 4.49 | 0.23 % | Dec 31 |
| Exchange Rate | 4.26 | -0.34 % | Dec 31 |
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Economic News
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Romania: Industrial activity deteriorates in March
May 13, 2022
Industrial output declined 1.6% in year-on-year terms in March, which contrasted February's 0.7% increase.
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Romania: NBR speeds up policy tightening with sixth consecutive rate hike in May
May 10, 2022
At its meeting on 10 May, the National Bank of Romania (NBR) raised the policy rate to 3.75% from April’s 3.00%, thus marking the sixth successive hike.
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Romania: Industrial output grows in February
April 13, 2022
Industrial output increased 0.6% compared to the same month a year earlier in February, following January's 0.4%.
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Romania: Inflation comes in at highest level since October 2004 in March
April 12, 2022
Consumer prices rose a seasonally-adjusted 1.88% over the previous month in March, picking up from the 0.58% rise recorded in February.
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Romania: NBR delivers fifth consecutive hike at April meeting
April 5, 2022
At its meeting on 5 April, the National Bank of Romania (NBR) raised the policy rate to 3.00% from 2.50%, marking the fifth successive hike.
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