Romania: Growth in industrial production eases significantly in MarchStaff Writer | May 14, 2018
Industrial output in Romania expanded a meagre 1.2% in annual terms in March, strongly down from February’s 5.8% growth rate and the lowest reading in almost one year.
On a seasonally- and working-day adjusted month-on-month basis, industrial production rebounded to 0.5% growth in March, contrasting February’s 0.7% contraction. Meanwhile, annual average growth in industrial production declined from February’s 8.2% to 7.4% in March.
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. ■