Industry in Romania
Romania - Industry
Industrial output slows in May
Industrial output rose 0.2% on an annual basis in May, decelerating from April’s 1.4% increase. According to the Statistical Institute, May’s slowdown was mainly attributable to a contraction in manufacturing output, as well as in mining and quarrying production.
Annual average industrial output growth, meanwhile, remained stable at 2.2% in May.
On a seasonally- and working day-adjusted basis, industrial output fell 2.0% month-on-month in May (April: +0.7% month-on-month s.a.).
FocusEconomics Consensus Forecast panelists expect industrial output to increase 2.7% in 2019, which is down 0.4 percentage points from last month’s estimate. The panel expects industrial output to increase 3.4% in 2020.
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||4.69||0.23 %||Jul 11|
|Exchange Rate||4.20||-0.34 %||Jul 11|
|Stock Market||9,024||-0.59 %||Jul 11|
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July 12, 2019
Industrial output rose 0.2% on an annual basis in May, decelerating from April’s 1.4% increase.
July 10, 2019
Consumer prices declined 0.2% month-on-month in June, the lowest reading in 11 months, following May’s 0.5% increase.
July 8, 2019
A second national accounts release confirmed that output grew 5.0% year-on-year in the first quarter (Q4 2018: +4.1% year-on-year), marking the strongest outturn in more than a year and overshooting analysts’ expectations. Domestic demand powered the expansion.
July 4, 2019
On 4 July, the National Bank of Romania (NBR) kept the policy rate unchanged at 2.50%, while also leaving the deposit facility rate at 1.50%, the lending facility (Lombard) rate at 3.50% and maintaining the reserve requirements on both leu- and foreign currency-denominated liabilities.
June 13, 2019
Industrial output rose 1.4% on an annual basis in April, contrasting a 0.2% year-on-year fall in March.