Industrial production in Romania increased 0.4 percent year-on-year in April 2019, easing from a 1.5 percent rise in the previous month. This was the weakest growth in industrial output since January, amid a further decline in the production of electricity, gas, steam and air conditioning supply (-1.5 percent vs -8.1 percent in March). Meanwhile, manufacturing growth accelerated slightly (0.5 percent vs 0.4 percent in March), in particular due to chemicals output (5.3 percent vs 5.1 percent), computer, electronic & optical products (7.8 percent vs 7.0 percent), and pharmaceutical products and pharmaceutical preparations (15.4 percent vs -8.3 percent). Also, mining and quarrying output rose much faster (7.1 percent vs 1.7 percent). On a monthly basis, industrial output grew 1.1 percent in April, following an upwardly revised 0.4 percent rise in March. Industrial Production in Romania averaged 3.82 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 3.20 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 3.00 in 12 months time. In the long-term, the Romania Industrial Production is projected to trend around 2.50 percent in 2020, according to our econometric models.