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Romania's industrial sales up 3.3% y/y in Q1

May 17, 2024, 2:34:34 PMArticle by Alexandru Cristea
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May 17 (SeeNews) - Romania’s industrial sales rose by 3.3% year-on-year in the first three months of 2024, the statistical office, INS, said.

Romania's industrial sales up 3.3% y/y in Q1
Image source: Pixabay

Sales in the manufacturing sector saw a 4.6% annual increase in the three months through March, while sales in the mining sector fell by 24.3%, INS said in a press release on Friday.

Sales of capital goods increased by 9.1% on the year, while sales of durable and non-durable goods rose by 3.1% and 0.4%, respectively.

Energy sales rose by 6.6% on the year in January–March, while sales of intermediary goods fell by an annual 1.6%.

In March alone, industrial sales ticked down by 0.5% on the year and increased by 6.9% on the month.

In 2023, Romania’s industrial sales inched up by 0.7%.

Romania’s industrial sales, breakdown by sector (percentage change):

March y/y March m/m Jan-March y/y
Total -0.5 +6.9 +3.3
-mining -22.1 +1.6 -24.3
-manufacturing +0.4 +7.1 +4.6

Source: INS

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