Industrial production in Romania dropped 4.1 percent year-on-year in June 2019, worse than an upwardly revised 1.8 percent fall in the previous month. This was the third straight decline in industrial output and the steepest fall since August 2009, as production of manufacturing declined faster (-5.3 percent vs -2.5 percent in May), in particular due to paper and paper products (-7.1 percent vs 2.2 percent); pharmaceutical products and pharmaceutical preparations output (-24.4 percent vs -10.4 percent), computer, electronic, and optical products (-5.3 percent vs 0.2 percent). Also, mining and quarrying output decreased more than a month earlier (-8.1 percent vs -2.5 percent). In addition, electricity, gas, steam and air conditioning supply output went up softer (2.0 percent vs 4.5 percent in May). On a monthly basis, industrial output shrank 1.0 percent in June, following an upwardly revised 2.1 percent fall in May. Industrial Production in Romania averaged 3.76 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 2.60 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 2.50 percent in 2020, according to our econometric models.