Romania: Industrial production shrinks in May
Latest reading: Industrial production declined 2.7% in working-day and seasonally adjusted month-on-month terms in May, following a 1.6% increase in the previous month.
Relative to the previous month’s data, readings in May softened for manufacturing (-2.4% in seasonally adjusted month-on-month terms vs +2.1% in April) and electricity, gas, steam and air conditioning supply (-3.3% vs -0.1% in April). In contrast, the reading for mining and quarrying improved in May (-1.1% vs -2.9% in April).
In working-day and seasonally adjusted year-on-year terms, industrial production was down 5.3% in May, following a 3.0% decline in the prior month.