Romania Manufacturing PMI improves for third consecutive month to 48.3 in May
Romania Manufacturing PMI compiled by Erste Group’s local subsidiary BCR, has improved for the third consecutive month to 48.3 points in May – remaining in the contractionary region but still enough to support Erste Group’s hopes for mild…
iulian ernst · Journalist
· Updated · 2 min read
Romania Manufacturing PMI compiled by Erste Group’s local subsidiary BCR, has improved for the third consecutive month to 48.3 points in May – remaining in the contractionary region but still enough to support Erste Group’s hopes for mild industrial recovery this year, after three consecutive years of decline.
“Although the index still points to a contraction in manufacturing activity, the continued upward trend is encouraging and may indicate that growth momentum is beginning to build in the domestic manufacturing sector,” Erste Group’s report reads.
