Romania: Industrial output expands at fastest pace since June 2021 in March
Industrial output grew 3.8% in month on month seasonally adjusted terms in March, which was better than February’s 3.3% expansion and marked the best result since June 2021. The improvement was driven by an acceleration in manufacturing production growth.
On an annual basis, industrial output expanded 2.8% compared to the same month a year earlier in March, which contrasted February’s 1.6% decrease. The print marked the best reading since May 2022. Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 1.9%, up from February’s minus 2.3%.