Romania industrial production in April falls on year
Romania's industrial production fell by 6.9% year-on-year in April, following an upwardly revised 4.0% drop a month earlier, data released by the Bucharest-based National Institute of Statistics (INS) showed on Tuesday.
It was the third straight month of decline in industrial production and the steepest decrease since July 2020.
In April, production fell faster for all sectors annually: electricity, gas, steam and air conditioning supply (-11%) mining and quarrying (-11.3%) and manufacturing (-6.5%).
On a monthly basis, industrial output grew by 0.7% in April, led by growth in the manufacturing (1.2%) and mining and quarrying sectors (1.6%), reversing from an upwardly revised 0.9% drop in the previous month.
On an unadjusted basis, industrial production contracted 12.5% monthly in April and fell 8.8% from a year ago.
Considering the first four months of 2022, industrial production shrank by 3.1%.
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