Industrial Production in Romania
The Romanian economy recorded an average growth rate of 2.6% in industrial production in the decade to 2022, below the 3.2% average for Eastern Europe. In 2022, industrial production growth was -2.0%. For more industry information, visit our dedicated page.
Romania Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Romania from 2014 to 2023.
Source: Macrobond.
Romania Industry Data
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Industrial Production (ann. var. %) | -2.6 | -9.2 | 6.5 | 0.9 | -2.5 |
Industrial output deteriorates in April
Industrial output fell 1.3% in month-on-month seasonally adjusted terms in April, which contrasted March's 4.0% increase. The result came on the back of a fall in manufacturing production. In addition, electricity, gas, steam and air conditioning supply production contracted markedly. On an annual basis, industrial production rose 3.6% in April, which was above March’s 3.0% expansion and marking the best result since May 2022. Accordingly, the trend improved notably, with the annual average variation of industrial production coming in at a one-year high of minus 1.2%, up from March's minus 1.9% reading.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Romanian industry projections for the next ten years from a panel of 8 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Romanian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Romanian industry projections.
Want to get access to the full dataset of Romanian industry forecasts? Send an email to info@focus-economics.com.
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