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Romania posts EU's highest annual services output fall in April

Jul 8, 2024, 12:52:13 PMArticle by Mihaela Miteva
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July 8 (SeeNews) - Romania registered the EU's steepest annual decline in services output in April, at 5.3%, Eurostat said on Monday.

Romania posts EU's highest annual services output fall in April
Photo by Ruthson Zimmerman on Unsplash

In monthly comparison terms, Romania recorded the second-biggest fall in services production in the EU in the review month, at 0.7%, which was also the biggest among EU member states in Southeast Europe (SEE), the bloc's statistical office said in a monthly report.

At the same time, Croatia's services output marked the bloc's largest increase month-on-month, at 5.1%, followed by Greece with 4.4%.

Croatia also saw the highest annual rise in services output among EU states in SEE, at 7.3%, above the EU average of 4.2%.

In the EU overall, services output grew by a monthly 1.1% in April.

Following are figures for services output growth in the EU member states in SEE (pct change):

April y/y April m/m
Bulgaria 6.0 1.8
Croatia 7.3 5.1
Greece 5.1 4.4
Romania -5.3 -0.7
Slovenia 2.8 -0.5
EU average 4.2 1.1

Source: Eurostat

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