Latest reading: Industrial output expanded 8.9% in year-on-year terms in July (June: +7.2% yoy), marking the fastest growth rate since...
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 activity deteriorates in May
Latest reading: Industrial output dropped 0.6% month on month in seasonally and calendar-adjusted terms in May (April: +2.6% mom s.a.). The figure was partly driven by a deterioration in manufacturing production. In contrast, mining and quarrying output rebounded, and energy production rose at a faster pace. On an annual seasonally and calendar-adjusted basis, industrial output grew 3.8% in seasonally adjusted terms in May, rebounding notably from April’s 2.1% fall and marking the best result since May 2022. Accordingly, the trend improved sizably, with the annual average variation of industrial production coming in at minus 1.7% in May, up from April's minus 2.6%.
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 10 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
-
Kazakhstan: Industrial output growth records best reading since February in July -
Euro Area: Industrial activity deteriorates in June Latest reading: Industrial output declined 1.3% month-on-month in seasonally adjusted terms in June (May: +1.1% mom). Looking at the details... -
South Africa: Manufacturing production flatlines in June Latest reading: Manufacturing output flatlined month on month in seasonally adjusted terms in June, which followed May’s 2.2% increase. Looking... -
Cyprus: Industrial output drops at sharpest rate since November 2024 in June Latest reading: Industrial output fell 0.9% year on year in calendar-adjusted terms in June, which contrasted May’s 0.4% increase. June’s... -
Greece: Industrial output grows at fastest pace in over one year in June Latest reading: Industrial output increased 3.2% in month-on-month seasonally adjusted terms in June, which contrasted May’s 0.1% decrease. June’s print... -
Ireland: Industrial output plummets in June Latest reading: Industrial production fell 11.3% month on month in seasonally adjusted terms in June (May: +11.9% mom s.a.). June’s... -
Sweden: Industrial output clocks quickest growth since August 2020 in June Latest reading: Industrial output—excluding energy—expanded 6.7% in seasonally and calendar-adjusted month on month terms in June, which contrasted May’s 1.3%...