Romania\u2019s industrial output surged by an impressive 12.1% y\/y and even more (+16.9% y\/y) in the core manufacturing industry, according to data published by the statistics office INS. This was, however, due to the larger number of workdays.\u00a0<\/p>\n
The workday-adjusted industrial output rose by only +3.6% y\/y (+6.4% y\/y in manufacturing), still an outstanding performance after negative annual growth rates in the previous six quarters.\u00a0<\/p>\n
Besides the positive signs shown by March, April industrial figures confirm a positive trend consistent with the PMI index that has improved steadily in March-May and moved in the positive area (above the 50-point benchmark) in April-May for the first time in the past year.<\/p>\n
In seasonally and workday-adjusted terms, the industrial output in Romania remained at a high level in April after the record performance in March (the highest level since May 2022), although edging down by 1.3% m\/m.<\/p>\n
The manufacturing output (also in adjusted terms) edged down by 1.5% m\/m in April after reaching in March the highest level since February 2020, before the COVID-19 crisis.<\/p>\n