Industry in Romania
Romania - Industry
Industrial production contracts in October at sharpest rate in over a decade
Industrial production dived 7.7% on an annual basis in October, following September’s 1.2% fall and marking the sharpest contraction since May 2009. October’s slump reflected sizable contractions in all three sub-components of the index: manufacturing, mining and utilities supply.
The annual average variation in industrial output, meanwhile, edged down to minus 2.0% in October (September: -0.7%), an almost 10-year low.
On a seasonally- and working day-adjusted basis, industrial output fell 2.1% month-on-month in October (September: +0.5% month-on-month s.a.).
FocusEconomics Consensus Forecast panelists expect industrial output to increase 1.9% in 2020, which is unchanged from last month’s estimate. The panel expects industrial output to increase 2.7% in 2021.
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 | 4.49 | 0.23 % | Dec 31 |
| Exchange Rate | 4.26 | -0.34 % | Dec 31 |
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Industrial production dived 7.7% on an annual basis in October, following September’s 1.2% fall and marking the sharpest contraction since May 2009.
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