Romania: Industrial activity drops again in January
Industrial output slid 6.1% compared to the same month a year earlier in January, which was a smaller contraction than December’s 6.3% decrease. Looking at the details of the release, manufacturing production decreased at a faster pace in January, while mining and quarrying output gained momentum. Meanwhile, electricity, gas, steam and air conditioning supply production declined at a softer pace.
On a seasonally adjusted monthly basis, factory output rebounded, rising 2.0% in January (December: -1.6% mom), the best result since November 2021. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 2.5% in January, down from December’s minus 2.0%.