Romania: Growth in industrial production moderates in March
April 13, 2016
Industrial output rose 0.2% in March over the same month last year, coming below the 0.8% expansion tallied in February. According to the National Institute of Statistics, the expansion mainly reflected an increase in manufacturing that more than offset a drop in the other two components of the index, mining and quarrying, and electricity, gas and steam.
On a month-on-month basis, industrial production rose from February’s revised 0.5% expansion (previously reported: +1.0% year-on-year) to a 2.9% rise in March. Despite the increase, annual average growth in industrial production edged down from 2.3% in February to 2.1% in March.