Romania: Industrial production growth decelerates in April
June 11, 2015
Industrial output increased 1.8% in April over the same month last year, which came in below March’s 4.4% rise. According to the National Institute of Statistics, April’s deceleration resulted from a steep contraction in mining and quarrying as well as lower manufacturing output. Electricity, gas, steam and air conditioning supply grew at a faster pace in April compared to March.
On a month-on-month basis, industrial production grew 0.1% in April, which was down from the 0.2% rise tallied in the previous month. However, annual average growth in industrial production increased from 4.4% in March to 4.5% in April.