Romania: Industrial output slows in May
July 12, 2019
Industrial output rose 0.2% on an annual basis in May, decelerating from April’s 1.4% increase. According to the Statistical Institute, May’s slowdown was mainly attributable to a contraction in manufacturing output, as well as in mining and quarrying production.
Annual average industrial output growth, meanwhile, remained stable at 2.2% in May.
On a seasonally- and working day-adjusted basis, industrial output fell 2.0% month-on-month in May (April: +0.7% month-on-month s.a.).
Author: Nicolás J. Aguilar, Economist