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Financial News: Romania Industrial Production Rises In April

Romania Industrial Production Rises In April

06/14/2022 - 07:33:00 (RTTNews)

(RTTNews) - Romania's industrial production expanded in April, driven by robust growth in the manufacturing and mining and quarrying sectors, data from the National Institute of Statistics showed on Tuesday.

Industrial production increased a seasonally and working-day adjusted 0.7 percent month-on-month in April.

Mining and quarrying output grew 1.6 percent monthly in April and production in the manufacturing sector rose 1.2 percent. Meanwhile, electricity segment registered a moderate growth of 0.1 percent.

On a yearly basis, industrial production fell sharply by a working-day adjusted 6.9 percent in April.

On an unadjusted basis, industrial production contracted 12.5 percent monthly in April and fell 8.8 percent from a year ago.

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