Published on: 8 January 2019

Industrial production increased by 4.0%

In November 2018, the volume of industrial output grew by 4.0% year-on-year. Based on working-day adjusted data production rose by 3.5%.

The majority of manufacturing subsections contributed to the increase. The manufacture of transport equipment representing the largest weight grew at a similar rate to the previous month. The manufacture of computer, electronic and optical products went up remarkably, while the manufacture of food products, beverages and tobacco was also higher than a year earlier.

In the first eleven months of this year, production was 3.5% higher compared to the same period of the previous year.

Industrial output in November – according to seasonally and working-day adjusted indices – was 1.1% below the level of the previous month.

Volume indices of industrial production

(%)

Period Non-adjusted (crude) From the beginning of the year (crude) Working-day adjusted Seasonally and working-day adjusted, previous month = 100.0
2017November103.1 105.0 103.8 98.4
December99.8 104.6 105.2 101.4
2018January 107.2 107.2 106.9 101.3
February104.3 105.7 104.3 100.4
March98.6 103.1 102.9 99.3
April107.4 104.2 102.7 99.9
May100.4 103.4 103.8 101.8
June104.2 103.5 103.1 98.9
July106.2 103.9 103.8 98.0
August101.6 103.6 104.6 103.9
September99.4 103.1 102.2 97.9
October105.9 103.4 103.2 102.0
November104.0 103.5 103.5 98.9