Romania buildings

Romania Industry

Romania Industry

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 output growth improves in April

Latest reading: Industrial output expanded 2.3% in seasonally and calendar-adjusted month-on-month terms in April (March: +0.9% mom s.a.). April's result marked the best reading since June 2024. Looking at the details of the release, manufacturing output gained traction, and energy production returned to growth. On a less positive note, mining and quarrying output swung into contraction. On a seasonally and calendar adjusted annual basis, factory output fell at a more moderate pace of 2.4% in April (March: -6.3% yoy s.a.). Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 2.6%, down from March's minus 2.1%.

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.

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