Romania’s industrial production rose slightly in April, after an unexpected decline in March, as demand flattens and inventories continue to rise.
Official data show that industrial output grew by 1.4 percent year-on-year in April, following modest increases registered in January and February and a decline in March.
According to a recent industrial barometer, the reasons behind the slowdown in industrial production are weaker demand and rising inventories.
In the first four months, industrial output registered a modest increase of 0.8 percent, signaling a possible weak GDP growth rate.
In 2018, Romania’s industrial production rose by 3.5 percent, a much lower rate that the official estimate of 4.5 percent.
The industry account for almost one quarter of Romania’s GDP and this poor performance has had an impact on the 2018 GDP value.