Industrial production in Romania fell by 9.9 percent year-on-year in July 2020, following a 14.3 percent tumble in the previous month. It was the sixteenth straight monthly decline, but the smallest since February. On a monthly basis, industrial output rose 3.3 percent in July, after an upwardly revised 16.3 percent surge in June. In the first seven months of the year, industrial activity shrank 15.7 percent over a year ago.
Industrial Production in Romania averaged 2.91 percent from 2001 until 2020, reaching an all time high of 17.90 percent in March of 2007 and a record low of -38.70 percent in April of 2020. This page provides - Romania Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Romania Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Institutul National de Statistica
Industrial Production in Romania is expected to be -7.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Romania to stand at 15.80 in 12 months time. In the long-term, the Romania Industrial Production is projected to trend around 5.50 percent in 2021 and 3.50 percent in 2022, according to our econometric models.