Industrial production in Romania dropped 6.6 percent year-on-year in August 2019, after a downwardly revised 5.0 percent fall in the previous month. This was the fifth straight decline in industrial output and the steepest fall since May 2009, as output shrank faster for both electricity, gas, steam and air conditioning supply (-7.9 percent vs -5.7 percent in July) and mining and quarrying (-8.5 percent vs -7.6 percent). Meanwhile, manufacturing output continued to decline (-4.1 percent vs -4.2 percent), in particular basic metals (-4.6 percent vs -2.9 percent) and wood and wood products (-21.2 percent vs -18.1 percent). On a monthly basis, industrial output rose 0.2 percent in August, following a downwardly revised 1.8 percent fall in July. Industrial Production in Romania averaged 3.71 percent from 2001 until 2019, reaching an all time high of 17.90 percent in March of 2007 and a record low of -14.30 percent in January of 2009.
Industrial Production in Romania is expected to be -1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Romania to stand at 3.40 in 12 months time. In the long-term, the Romania Industrial Production is projected to trend around 3.50 percent in 2020, according to our econometric models.