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Romania: Growth in industrial production loses strength in May

Staff Writer |
Industrial output in Romania expanded a weak 1.2% in annual terms in May, decelerating from April’s 3.6% growth rate.

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According to the Statistical Institute, the expansion in May came on the back of unremarkable growth in the manufacturing sector, while the electricity and gas, steam and air conditioning; and mining and quarrying sectors contracted.

On a seasonally- and working-day adjusted month-on-month basis, industrial production output dropped 0.4% in May, contrasting April’s revised 2.3% expansion (previously reported: +2.2% month-on-month).

Meanwhile, annual average growth in industrial production fell from April’s 7.7% to 6.6% in May.

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.

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