Romania's industrial sector faced a significant setback in January 2024, with the country's industrial production plummeting by 3.4%. This sharp decline comes after a modest growth of 0.3% in December 2023. The data, updated on 13th March 2024, highlights the challenges the Romanian economy is currently undergoing, particularly in the industrial manufacturing sector.
The month-over-month comparison showcases the stark contrast between December 2023 and January 2024, indicating a worrying trend for Romania's economic output. As the country grapples with declining industrial production, policymakers and industry leaders will need to address the underlying issues to stimulate growth and stabilize the economy in the coming months.
