Industry in Romania

Romania Industry | Economic News & Forecasts

Romania - Industry

Industrial production plummets in September

Industrial output tumbled to 3.3% in annual terms in September, contrasting the prior month’s 0.2% increase and logging the worst print in over a year. The downturn was largely attributed to a slide in mining and quarrying production. Moreover, manufacturing output declined at a sharper rate in September.

On a monthly basis, factory output contracted 2.0% in seasonally-adjusted terms in September, following August’s 0.4% decrease. Meanwhile, the trend remained unchanged, with the annual average variation of industrial production coming in at August’s 8.4% in September.

FocusEconomics Consensus Forecast panelists expect industrial output to expand 4.7% in 2022, which is down 0.3 percentage points from last month’s estimate. The panel expects industrial output to increase 3.9% in 2023.

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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