Industrial production in Romania dropped 6.4 percent year-on-year in July 2019, after an upwardly revised 4.8 percent fall in the previous month. This was the fourth straight decline in industrial output and the steepest fall since May 2009, as electricity, gas, steam and air conditioning supply output dropped sharply (-4.7 percent vs 1.7 percent in June). Meanwhile, output decreased at a softer pace for manufacturing (-4.4 percent vs -5.5 percent), in particular wood and wood products (-17.4 percent vs -18.8 percent) and paper and paper products (-3.0 percent vs -6.5 percent); and mining and quarrying (-7.4 percent vs -8.3 percent). On a monthly basis, industrial output shrank 3.3 percent in July, following an upwardly revised 1.8 percent fall in June. Industrial Production in Romania averaged 3.71 percent from 2001 until 2019, 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 -1.00 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 3.50 percent in 2020, according to our econometric models.