Industrial production in Romania fell 1.0 percent year-on-year in December 2018, reversing from a downwardly revised 4.2 percent rise in the previous month. It was the first decline in industrial output since May 2016, as manufacturing output contracted (-2.2 percent vs 2.8 percent in November) and mining and quarrying output contracted more than in a month earlier (-8.5 percent vs -0.5 percent). In addition, electricity, gas, steam and air conditioning supply output growth slowed (0.9 percent vs 1.1 percent). On a monthly basis, industrial output went down 0.9 percent in December, compared to a downwardly revised 0.2 percent fall in November. Industrial Production in Romania averaged 3.88 percent from 2001 until 2018, reaching an all time high of 17.90 percent in March of 2007 and a record low of -14.30 percent in January of 2009.
Industrial Production in Romania is expected to be 4.50 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 3.40 in 12 months time. In the long-term, the Romania Industrial Production is projected to trend around 2.80 percent in 2020, according to our econometric models.