Industry in Romania
Romania - Industry
Growth in industrial production slows notably in August
Industrial output expanded 3.7% in annual terms in August, well below July’s six-month high 7.3% growth rate. According to the Statistical Institute, the expansion in July came on the back of sustained growth in the manufacturing; and electricity and gas, steam and air conditioning sectors. On the other hand, the mining and quarrying sector contracted.
On a seasonally- and working-day adjusted month-on-month basis, industrial production output rose 0.4% in August, contrasting July’s 1.7% drop. Annual average growth in industrial production, meanwhile, dropped from 6.4% in July to 6.1% in August.
Romania Industrial Production Forecast
FocusEconomics Consensus Forecast panelists expect industrial production to expand 3.9% in 2019, which is unchanged from last month’s estimate. The panel predicts that industrial output will increase 3.3% in 2020.
Romania - Industry Data
|Industrial Production (annual variation in %)||7.9||6.2||2.8||1.8||7.8|
5 years of economic forecasts for more than 30 economic indicators.
Romania Industry Chart
Source: National Institute of Statistics and FocusEconomics calculations.
|Bond Yield||5.01||0.23 %||Oct 22|
|Exchange Rate||4.06||-0.34 %||Oct 22|
|Stock Market||8,616||-0.59 %||Oct 22|
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October 15, 2018
Industrial output expanded 3.7% in annual terms in August, well below July’s six-month high 7.3% growth rate.
October 10, 2018
Consumer prices rose 0.5% over the previous month in September, following August’s softer 0.3% increase.
October 4, 2018
At its monetary policy meeting on 3 October, the National Bank of Romania (NBR) decided to keep the policy rate unchanged at 2.50%.
September 12, 2018
Consumer prices increased 0.3% over the previous month in August, contrasting July’s 0.5% drop.
September 12, 2018
Industrial output expanded 7.3% in annual terms in July, a six-month high and a notable acceleration from June’s 4.6% growth rate.