Industry in Romania
Romania - Industry
Industrial output grows at fastest pace in over one year in September
Industrial output increased 1.6% in year-on-year terms in September, which contrasted August's 0.3% decrease. The print marked the best reading since July 2021. September's turnaround was primarily driven by an acceleration in manufacturing growth and a smaller decline in mining and quarrying output. That said, electricity output declined at a slightly steeper pace.
On a seasonally adjusted monthly basis, factory output fell 0.5% in September (August: +0.1% mom). Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 1.8% in September, up from August's minus 2.2% reading.
Our panelists expect industrial output to expand 1.7% in 2023, which is down 0.1 percentage points from last month’s estimate. In 2024, the panel expects industrial output to increase 2.7%.
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: Economic growth speeds up in Q3, but downward revisions take the shine off the H1 performance
November 15, 2022
According to a preliminary estimate, growth picked up in the third quarter, with GDP expanding 4.7% on an annual basis (Q2: +3.9% year on year).
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Romania: Industrial output grows at fastest pace in over one year in September
November 14, 2022
Industrial output increased 1.6% in year-on-year terms in September, which contrasted August's 0.3% decrease.
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Romania: Inflation decreases in October
November 11, 2022
Inflation eased to 15.3% in October from September’s 15.9%.
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Romania: NBR slows the pace of hikes to 50 basis points in November
November 8, 2022
At its 8 November meeting, the National Bank of Romania (NBR) raised the policy rate to 6.75% from 6.25%.
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Romania: Industrial activity decreases at softer pace in August
October 12, 2022
Industrial production dropped 0.3% year on year in August (July: -0.7% yoy).
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