Romania: Growth in industrial production loses strength in MayStaff Writer | July 13, 2018
Industrial output in Romania expanded a weak 1.2% in annual terms in May, decelerating from April’s 3.6% growth rate.
Europe Industrial production output dropped 0.4% in May
On a seasonally- and working-day adjusted month-on-month basis, industrial production output dropped 0.4% in May, contrasting April’s revised 2.3% expansion (previously reported: +2.2% month-on-month).
Meanwhile, annual average growth in industrial production fell from April’s 7.7% to 6.6% in May.
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. ■