Industry in Romania
Romania - Industry
Growth in industrial production accelerates in June
Industrial output expanded 4.6% in annual terms in June, a notable acceleration from May’s 1.2% growth rate. According to the Statistical Institute, the expansion in June came on the back of sustained growth in the manufacturing, and mining and quarrying sectors. Production in the electricity and gas, steam and air conditioning sector, however, contracted.
On a seasonally- and working-day adjusted month-on-month basis, industrial production output expanded 1.6% in June, strongly contrasting May’s 0.4% contraction. Annual average growth in industrial production, nevertheless, fell from May’s 6.6% to 6.4% in June.
Romania Industrial Production Forecast
FocusEconomics Consensus Forecast panelists expect industrial production to expand 4.6% in 2018, which is up 0.3 percentage points from last month’s estimate. The panel predicts that industrial output will increase 3.9% in 2019.
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||4.89||0.23 %||Aug 15|
|Exchange Rate||4.09||-0.34 %||Aug 14|
|Stock Market||8,084||-0.59 %||Aug 14|
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August 14, 2018
In the second quarter, the economy expanded 4.1% over the same period last year, according to a preliminary estimate released by the National Institute of Statistics on 14 August.
August 10, 2018
Industrial output expanded 4.6% in annual terms in June, a notable acceleration from May’s 1.2% growth rate.
August 10, 2018
Consumer prices decreased 0.5% over the previous month in July, following a flat reading in June.
August 6, 2018
At its monetary policy meeting on 6 August, the National Bank of Romania (NBR) decided to keep the policy rate unchanged at 2.50%.
July 12, 2018
Industrial output expanded a weak 1.2% in annual terms in May, decelerating from April’s 3.6% growth rate.