Romania: Industrial production continues to expand stronglyStaff Writer | January 12, 2018
Industrial output in Romania expanded a robust 9.2% in annual terms in November, albeit down from October’s impressive 11.6% growth rate.
On a seasonally- and working-day-adjusted month-on-month basis, industrial production increased 0.7% in November, following a 1.3% expansion in October.
Meanwhile, annual average growth in industrial production improved on October’s strong showing of 7.5% growth. It ramped up to 7.9% in November—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. ■