Romania’s industrial production index accelerated its decline in April, shows the data released by the National Statistics Institute (INS) on Tuesday.

In April, the industrial output was 8.8% lower (in gross terms) compared with the same month of 2021. Adjusted for the number of working days and seasonality, the drop was 6.9%.

All the three industrial subsectors contributed to the decline: the energy industry saw a drop of 11.9%, the mining industry lost 11.3%, and the manufacturing industry (which has the highest weight in the sector’s index) dropped by 8.1% in gross terms.

As a result, in the first four months of 2022, Romania’s industrial production was 2.5% lower than in the same period of 2021. In seasonally-adjusted terms, the drop was 3.1%.

andrei@romania-insider.com

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