Industry in Romania
Romania - Industry
Industrial activity deteriorates in March
Industrial output declined 1.6% in year-on-year terms in March, which contrasted February's 0.7% increase. Looking at the details of the release, March's drop was largely driven by a fall in manufacturing output. In addition, production contracted in both the mining and quarrying, and electricity, gas, steam and air conditioning supply sub-sectors.
On a seasonally-adjusted monthly basis, industrial production fell at a softer rate of 0.7% in March, compared to February’s -1.2%. Meanwhile, annual average industrial production growth fell to 6.2% in March (February: +7.6%), signaling a worsening trend in the industrial sector.
Our panelists expect industrial output to expand 2.6% in 2022, which is down 0.1 percentage points from last month’s estimate. In 2023, the panel expects industrial output to increase 3.8%.
Romania - Industry Data
|Industrial Production (annual variation in %)||2.8||1.8||7.8||3.5||-3.3|
5 years of economic forecasts for more than 30 economic indicators.
Romania Industry Chart
Source: National Institute of Statistics and FocusEconomics calculations.
|Bond Yield||4.49||0.23 %||Dec 31|
|Exchange Rate||4.26||-0.34 %||Dec 31|
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May 13, 2022
Industrial output declined 1.6% in year-on-year terms in March, which contrasted February's 0.7% increase.
May 10, 2022
At its meeting on 10 May, the National Bank of Romania (NBR) raised the policy rate to 3.75% from April’s 3.00%, thus marking the sixth successive hike.
April 13, 2022
Industrial output increased 0.6% compared to the same month a year earlier in February, following January's 0.4%.
April 12, 2022
Consumer prices rose a seasonally-adjusted 1.88% over the previous month in March, picking up from the 0.58% rise recorded in February.
April 5, 2022
At its meeting on 5 April, the National Bank of Romania (NBR) raised the policy rate to 3.00% from 2.50%, marking the fifth successive hike.