Latest reading: Industrial output declined 1.2% month-on-month in seasonally adjusted terms in July (June: +2.1% mom). The result marked the...
Industrial Production in Romania
The Romanian economy recorded an average industrial production growth rate of 1.4% in the decade to 2024. In 2024, industrial production growth was -1.7%. For more industry information, visit our dedicated page.
Romania Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Romania from 2014 to 2024.
Source: Macrobond.
Romania Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -9.2 | 6.5 | 0.9 | -2.5 | -1.7 |
Industrial production shrinks at a slower pace in July
Latest reading: Industrial production was down 0.3% in working day and seasonally adjusted month-on-month terms in July, following a 0.8% fall in the prior month. Relative to the prior month's data, the reading for mining and quarrying improved in July (+1.8% vs -1.6% in June). In contrast, readings worsened for manufacturing (-0.7% vs -0.2% in June) and electricity, gas, steam and air conditioning supply (-0.5% vs 0.0% in June). On a working day and seasonally adjusted year-on-year basis, industrial production increased 2.3% in July, following a 0.6% decline in the previous month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Romanian industry projections for the next ten years from a panel of 11 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Romanian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Romanian industry projections.
Want to get access to the full dataset of Romanian industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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