Industry in Romania
Romania - Industry
Industrial production gains steam in October
Industrial output expanded 3.5% in annual terms in October, well above September's 0.5% growth rate, which had marked the weakest record in 17 months. According to the Statistical Institute, the expansion in October came on the back of healthy 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 0.1% in October, following September’s stronger 0.3% expansion. Annual average growth in industrial production, meanwhile, dropped from 5.6% in September to 4.9% in October, the lowest reading in 16 months.
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
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 7.9 | 6.2 | 2.8 | 1.8 | 7.8 |
Romania Industry Chart
Source: National Institute of Statistics and FocusEconomics calculations.
Romania Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 4.76 | 0.23 % | Dec 14 |
| Exchange Rate | 4.12 | -0.34 % | Dec 14 |
| Stock Market | 8,574 | -0.59 % | Dec 14 |
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Economic News
Romania: Industrial production gains steam in October
December 12, 2018
Industrial output expanded 3.5% in annual terms in October, well above September's 0.5% growth rate, which had marked the weakest record in 17 months.
Romania: Inflation falls to almost one-year low in November
December 12, 2018
Consumer prices dropped 0.1% over the previous month in November, contrasting October’s 0.5% increase.
Romania: Economic growth picks up marginally in Q3
December 10, 2018
A second estimate released on 7 December by the Statistical Institute (INSSE) confirmed that the economy expanded 4.3% over the same period of 2017 in the third quarter, slightly above the second quarter’s 4.1% expansion.
Romania: The economy gathers momentum in Q3
November 14, 2018
According to a preliminary estimate released by the National Institute of Statistics on 14 November, the economy expanded 4.3% in the third quarter over the same period last year, gradually accelerating from the second quarter (Q2: +4.1% year-on-year). Although a breakdown by components is not yet available, tightening labor market conditions and some moderation in inflation suggest household spending expanded at a healthy pace in the quarter.
Romania: Inflation drops to 10-month low in October
November 12, 2018
Consumer prices rose 0.5% over the previous month in October, matching September’s increase.
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