Romania: Industrial production continues expansionStaff Writer | February 14, 2018
Industrial output expanded in Romania a robust 7.9% in annual terms in December, albeit down from November’s remarkable 9.2% growth rate.
On a seasonally- and working-day adjusted month-on-month basis, industrial production jumped 3.7% in December, following a much softer 1.0% expansion in November.
Meanwhile, annual average growth in industrial production improved on November’s strong showing of 7.9%, ramping up to 8.2% in December—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. ■