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Newly released PMI index shows Romanian manufacturing sector stuck in recession

March 4, 2024

The first release of the Purchasing Managers' Index (PMI) index in Romania, compiled by BCR bank within the S&P Global methodology, shows a drop in February after three consecutive months of improvements, to 47.1 from 47.6 in the previous month on a 0-100 scale where scores above 50 indicate an expansionary sentiment.

The rebound in Romanian manufacturing output is likely to take time, and it is unlikely to happen in the first half of the current year, BCR concluded based on the dynamics...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/pmi-romania-manufacturing-recession-feb-2024
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