Published on: 7 April 2020

Industrial production increased by 4.1%

In Febuary 2020 the volume of industrial production grew by 4.1% year-on-year. Based on working-day and leap-day adjusted data, production rose by 1.7%. The economic effects caused by the corona virus epidemic cannot be observed yet in this period.

Out of the subsections in manufacturing in those representing the largest weight the rate of growth slackened in the manufacture of transport equipment, while it accelerated in the manufacture of computer, electronic and optical products, as well as in the manufacture of food products, beverages and tobacco products. The production volume decreased in the majority of the subsections having smaller weight.

Production was 3.2% higher in the first two months of the year than in the same period of the previous year.

Industrial output in February – according to seasonally and working-day adjusted indices – was 0.2% above the level of the previous month.

Volume index 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
corresponding period of previous year = 100.0
2019February106.2 105.3 106.2 101.2
March108.2 106.3 108.2 101.1
April106.4 106.4 106.2 98.7
May109.1 106.9 106.5 101.3
June98.8 105.5 104.3 98.2
July112.0 106.4 108.7 101.5
August100.3 105.7 102.6 98.7
September111.2 106.3 109.1 103.2
October106.1 106.3 106.5 99.4
November103.4 106.0 105.2 98.7
December98.8 105.4 96.4 96.3
2020January 102.4 102.4 102.8 104.6
February104.1 103.2 101.7 100.2