Romania’s National Prognosis Commission (CNP) has revised downwards by 1.3 percentage points its growth estimate for the local industrial production this year.

CNP estimates a growth of 3.7% in the industrial production in 2016. In 2017 and 2019, the industrial production may grow by 5.2%, according to the CNP prognosis. In 2018, the growth will reach 5.4%.

The manufacturing industry will see the biggest increase this year, namely 4.2%. It will be followed by the production and supply of thermal and electrical energy, with an increase of 1.4%.

Romania’s industrial production contracted by 0.5% in the first two months of this year compared to the same period of 2015, according to official data released by the National Statistics Institute (INS).

editor@romania-insider.com