Romania: Industrial production contracts in DecemberStaff Writer | February 14, 2019
Industrial output dropped 0.8% in annual terms in December, contrasting November's 2.6% expansion.
Europe Industrial production output slipped 0.9% in December
On a seasonally- and working-day adjusted month-on-month basis, Romania's industrial production output slipped 0.9% in December, following November’s 0.2% decrease.
Romania's annual average growth in industrial production, meanwhile, fell from 4.4% in November to 3.6% in December.
FocusEconomics Consensus Forecast panelists expect industrial production in Romania to expand 3.9% in 2019, which is unchanged from last month’s estimate.
The panel predicts that industrial output in Romania will increase 3.3% in 2020. ■