Industry in Romania
Romania - Industry
Industrial production plummets in September
Industrial output tumbled to 3.3% in annual terms in September, contrasting the prior month’s 0.2% increase and logging the worst print in over a year. The downturn was largely attributed to a slide in mining and quarrying production. Moreover, manufacturing output declined at a sharper rate in September.
On a monthly basis, factory output contracted 2.0% in seasonally-adjusted terms in September, following August’s 0.4% decrease. Meanwhile, the trend remained unchanged, with the annual average variation of industrial production coming in at August’s 8.4% in September.
FocusEconomics Consensus Forecast panelists expect industrial output to expand 4.7% in 2022, which is down 0.3 percentage points from last month’s estimate. The panel expects industrial output to increase 3.9% in 2023.
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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