Romania's industry keeps positive trend in May with sharp 7.1% y/y advance
Romania's industrial output increased by 7.1% y/y or by 3.8% y/y in workday-adjusted terms in May, the statistics office INS announced. The adjusted growth rate is the strongest in three years, but it was helped by base effects – Erste…
iulian ernst · Journalist
· Updated · 2 min read
Romania's industrial output increased by 7.1% y/y or by 3.8% y/y in workday-adjusted terms in May, the statistics office INS announced. The adjusted growth rate is the strongest in three years, but it was helped by base effects – Erste Group notes on a moderately positive note in a research update.
The performance in May reverses the negative growth of -9.1% y/y (-2.1% y/y in workday adjusted terms) in April – resulting in a combined -1.5% y/y decline of the industrial output in the first two months of Q2 – after the -3.7% y/y decline in Q1 and -1.6% y/y overall performance in 2024.
