Industry in Romania
Romania - Industry
Industrial production contracts in December
Industrial output dropped 0.8% in annual terms in December, contrasting November's 2.6% expansion. According to the Statistical Institute, November’s fall came on the back of contractions in the manufacturing and mining and quarrying sectors, while the supply of electricity, gas, steam and air conditioning sector recorded a slight expansion.
On a seasonally- and working-day adjusted month-on-month basis, industrial production output slipped 0.9% in December, following November’s 0.2% decrease. Annual average growth in industrial production, meanwhile, fell from 4.4% in November to 3.6% in December.
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
|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||5.01||0.23 %||Apr 22|
|Exchange Rate||4.23||-0.34 %||Apr 22|
|Stock Market||8,403||-0.59 %||Apr 22|
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April 8, 2019
A second estimate released on 8 April by the Statistical Institute (INSSE) confirmed that the economy grew 4.1% in the fourth quarter over the same period a year earlier, a notch below the third quarter’s 4.2% expansion.
April 2, 2019
At its monetary policy meeting held on 2 April, the National Bank of Romania (NBR) kept the policy rate unchanged at 2.50%.
March 7, 2019
A comprehensive estimate released by the National Institute of Statistics revealed the economy expanded 4.1% in the fourth quarter over the same period a year earlier, decelerating from the third quarter (Q3 2018: +4.2% year-on-year).
February 14, 2019
According to a preliminary estimate released by the National Institute of Statistics on 14 February, the economy expanded 4.1% in the fourth quarter over the same period last year, slightly decelerating from the third quarter (Q3: +4.2% year-on-year).
February 13, 2019
Industrial output dropped 0.8% in annual terms in December, contrasting November's 2.6% expansion.