Industry in Romania

Romania Industry | Economic News & Forecasts

Romania - Industry

Industrial production contracts in October at sharpest rate in over a decade

Industrial production dived 7.7% on an annual basis in October, following September’s 1.2% fall and marking the sharpest contraction since May 2009. October’s slump reflected sizable contractions in all three sub-components of the index: manufacturing, mining and utilities supply.

The annual average variation in industrial output, meanwhile, edged down to minus 2.0% in October (September: -0.7%), an almost 10-year low.

On a seasonally- and working day-adjusted basis, industrial output fell 2.1% month-on-month in October (September: +0.5% month-on-month s.a.).

FocusEconomics Consensus Forecast panelists expect industrial output to increase 1.9% in 2020, which is unchanged from last month’s estimate. The panel expects industrial output to increase 2.7% in 2021.

Romania - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)7.9  6.2  2.8  1.8  7.8  

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Romania Industry Chart

Romania Industry
Note: Annual variation of industrial production in %.
Source: National Institute of Statistics and FocusEconomics calculations.

Romania Facts

Bond Yield4.490.23 %Dec 31
Exchange Rate4.26-0.34 %Dec 31

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