Romania’s industrial production has shown a remarkable turnaround in June 2024, recording a 4.0% growth compared to the previous month, data updated on August 14, 2024 reveals. This comes as a significant recovery from a -6.3% decline registered in May 2024.
The positive change in the industrial production index indicates a robust month-to-month recovery, providing a hopeful outlook for Romania’s economic activities in the second half of the year. The May figures had cast a shadow over the sector, but June's data suggests a potential stabilization and revitalization of industrial output.
Economists now await further data to determine whether this growth is the beginning of a sustained trend or a temporary rebound. The economic community will be closely monitoring the industry for continued signs of recovery in the upcoming months.
