Romania recorded the highest monthly increase in industrial production in the European Union in March. This amounted to 2.6% over February, according to data from the EU’s statistical office Eurostat.

The country also ranked second in EU for the annual industrial production growth, with 10.2%.

In the euro zone, industrial production dropped by 0.1% over February but increased by 1.9% compared to March 2016. In the European Union, industrial production stagnated in March over the previous month, and advanced by 2.4% year-on-year.

The highest monthly increases were recorded in Romania, Estonia (2.4%), Poland (2.1%) and France (2%). Monthly decreases were recorded in Lithuania (-3.1%), Greece (-2%) and the Netherlands (-1.7%).

The biggest annual growth was recorded in Estonia (14.8%), followed by Romania (10.2%) and Latvia (10%). The Netherlands saw an annual decrease of 2.2%.

editor@romania-insider.com