Romania: Industrial production contracts in December
According to the Statistical Institute, November’s fall came on the back of contractions in the manufacturing and mining and quarrying sectors, while the supply of electricity, gas, steam and air conditioning sector recorded a slight expansion.
On a seasonally- and working-day adjusted month-on-month basis, Romania's industrial production output slipped 0.9% in December, following November’s 0.2% decrease.
Romania's annual average growth in industrial production, meanwhile, fell from 4.4% in November to 3.6% in December.
FocusEconomics Consensus Forecast panelists expect industrial production in Romania to expand 3.9% in 2019, which is unchanged from last month’s estimate.
The panel predicts that industrial output in Romania will increase 3.3% in 2020. ■