Romania: Growth in industrial production accelerates in January
According to the Statistical Institute, the healthy reading came on the back of strong growth in the manufacturing and the mining and quarrying sectors, whereas steam and air conditioning, electricity and gas output contracted notably.
On a seasonally- and working-day adjusted month-on-month basis, industrial production dropped 2.8% in January, contrasting December’s 3.8% jump.
Meanwhile, annual average growth in industrial production improved on December’s strong showing of 8.2%, ramping up to 8.4% in January—a multi-year high.
FocusEconomics Consensus Forecast panelists expect industrial production to expand 4.6% in 2018, which is up 0.3 percentage points from last month’s estimate. The panel predicts that industrial output will increase 3.9% in 2019. ■