Published on: 7 July 2020

Industrial production decreased by 30.7%

In May 2020 the volume of industrial production lagged behind the high base of the previous year by 30.7%. Based on working-day adjusted data, production declined by 27.6%. The effects of the economic processes altered by the coronavirus epidemic were also significant in this period.

The production volume decreased in every manufacturing subsection. An outstanding fall was observed in the largest weight representing manufacture of transport equipment, while the manufacture of computer, electronic and optical products, as well as the manufacture of food products, beverages and tobacco products declined to a lesser degree.

In the first five months of the year production was 13.8% lower than in the same period of the previous year.

Industrial output in May – according to seasonally and working-day adjusted indices – was 15.6% 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
2019May109.1 106.9 106.5 101.3
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
November103.4 106.0 105.3 98.7
December98.8 105.4 96.4 96.3
2020January 102.6 102.6 103.0 104.8
February103.8 103.2 101.5 99.9
March94.4 100.1 90.0 89.6
April63.2 90.8 63.4 69.5
May69.3 86.2 72.4 115.6