Romania: Growth in industrial production regains some strength in April
Industrial output expanded 3.6% in annual terms in April, accelerating from March’s subdued 1.2% growth rate—which had marked the lowest reading in almost one year. According to the Statistical Institute, the expansion came on the back of solid growth in the manufacturing sector, while the electricity and gas, steam and air conditioning, and the mining and quarrying sectors contracted.
On a seasonally- and working-day adjusted month-on-month basis, industrial production increased 2.1% in April, following March’s revised 0.7% expansion (previously reported: +0.5% month-on-month). Meanwhile, annual average growth in industrial production rose from March’s 7.4% to 7.7% in April.