Romania’s industrial output plunges 3.3% y/y to new record low in August

Romania’s industrial output volume index contracted by 3.3% y/y in August, after it boosted positive annual growth rates over the previous three months, according to data published by the statistics office INS. The negative annual growth rate came as a surprise, after the outlook for the country’s industry seemed to have improved over the past half a year.

The seasonally-adjusted production index dropped by 2.1% m/m, marking a new post-COVID record low after four consecutive months of decline.