Romania: signs of manufacturing recovery in May
But still down year-on-year
14 July, 11:46"Local industry was already negative for one year when the corona crisis struck, so full recovery will take time. External demand plays a key role on short term. On a medium to long-term perspective, local manufacturing will continue to struggle with eroded cost competitiveness and issues related to skills mismatches in the labor market and road infrastructure network," Erste Group Research noted. (ANSA).