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Romania's industry shrinks by 4.2% y/y in Q1
Romania's industrial production index contracted by 4.2% y/y in Q1 and neared the lowest level in the past three years, according to the statistics office INS. The seasonal and workday-adjusted index (-0.4% q/q) has followed a visible…
iulian ernst · Journalist
· Updated · 2 min read
Romania's industrial production index contracted by 4.2% y/y in Q1 and neared the lowest level in the past three years, according to the statistics office INS. The seasonal and workday-adjusted index (-0.4% q/q) has followed a visible downward trend after the post-Covid recovery in 2021 and 2022.
The seasonal and workday-adjusted index in Q1 was 7.7% below the average level of 2019 – before the Covid-19 crisis.
