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
|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||4.49||0.23 %||Dec 31|
|Exchange Rate||4.26||-0.34 %||Dec 31|
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January 15, 2020
Consumer prices rose 0.4% month-on-month in December, up from November’s 0.2% uptick.
January 8, 2020
On 8 January, the National Bank of Romania (NBR) kept the policy rate unchanged at 2.50%, while also leaving the deposit facility rate at 1.50%, the lending facility (Lombard) rate at 3.50% and maintaining the reserve requirements on both leu- and foreign currency-denominated liabilities.
December 12, 2019
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.
December 11, 2019
Consumer prices rose 0.2% month-on-month in November, down from October’s 0.4% increase.
December 9, 2019
GDP grew 3.0% year-on-year in the third quarter (Q2: +4.4% year-on-year), marking the weakest acceleration since Q2 2014, according to a comprehensive estimate released by Romania’s Statistical Institute on 5 December.