Romania: Growth in industrial production accelerates in JanuaryStaff Writer | March 15, 2018
Industrial output in Romania expanded a strong 8.5% in annual terms in January, up from December’s already robust 7.9% growth rate.
On a seasonally- and working-day adjusted month-on-month basis, industrial production dropped 2.8% in January, contrasting December’s 3.8% jump.
Meanwhile, annual average growth in industrial production improved on December’s strong showing of 8.2%, ramping up to 8.4% in January—a multi-year high.
FocusEconomics Consensus Forecast panelists expect industrial production to expand 4.6% in 2018, which is up 0.3 percentage points from last month’s estimate. The panel predicts that industrial output will increase 3.9% in 2019. ■