Romania: Industrial production recovers in March
Latest reading: Industrial production rose 0.3% on a working-day and seasonally adjusted month-on-month basis in March, following a 0.4% decline in the prior month.
Relative to the previous month’s data, the reading for mining and quarrying improved in March (+10.1% in seasonally adjusted month-on-month terms vs -1.7% in February). In contrast, readings softened for manufacturing (+0.4% vs +0.8% in February) and electricity, gas, steam and air conditioning supply (-2.8% vs -2.4% in February).
On a working-day and seasonally adjusted year-on-year basis, industrial production declined 2.2% in March, following a 1.6% fall in the prior month.