Industry in Romania

Romania Industry | Economic News & Forecasts

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

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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