Industrial production in Romania increased 5.2 percent year-on-year in November 2018, easing from a downwardly revised 5.3 percent advance in the previous month. It was the weakest growth in industrial output since May, as electricity, gas, steam and air conditioning supply output growth slowed (0.8 percent vs 1.9 percent in October). On the other hand, manufacturing output expanded faster (5.4 percent vs 5.2 percent). Meanwhile, mining and quarrying output continued to contract (-0.5 percent vs -3.3 percent). On a monthly basis, industrial output went up 0.8 percent in November, compared to an upwardly revised 0.3 percent fall in October. Industrial Production in Romania averaged 3.91 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.