Industry in Romania

Romania Industry | Economic News & Forecasts

Romania - Industry

Industrial output grows at fastest pace in over one year in September

Industrial output increased 1.6% in year-on-year terms in September, which contrasted August's 0.3% decrease. The print marked the best reading since July 2021. September's turnaround was primarily driven by an acceleration in manufacturing growth and a smaller decline in mining and quarrying output. That said, electricity output declined at a slightly steeper pace.

On a seasonally adjusted monthly basis, factory output fell 0.5% in September (August: +0.1% mom). Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 1.8% in September, up from August's minus 2.2% reading.

Our panelists expect industrial output to expand 1.7% in 2023, which is down 0.1 percentage points from last month’s estimate. In 2024, the panel expects industrial output to increase 2.7%.

Romania - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)2.8  1.8  7.8  3.5  -3.3  

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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

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

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