Romania: Industrial output slows in May
Annual average industrial output growth, meanwhile, remained stable at 2.2% in May.
On a seasonally- and working day-adjusted basis, industrial output was down 2.0% month-on-month in May (April: +0.7% month-on-month s.a.).
FocusEconomics Consensus Forecast panelists expect industrial output to increase 2.7% in 2019, which is down 0.4 percentage points from last month’s estimate. The panel expects industrial output to increase 3.4% in 2020. ■