Industrial production increased by 0.6% compared to October 2019, and by 2.8% month-on-month
In October 2020 the volume of industrial production grew by 0.6% year-on-year according to crude data. Based on working-day adjusted data production rose by 2.7%. The growth was 2.8% compared to the previous month according to seasonally and working-day adjusted data.
The manufacture of transport equipment, having the largest weight, as well as the manufacture of computer, electronic and optical products increased, at the same time the production volume dropped in the majority of the manufacturing subsections, among them it declined in the manufacture of food products, beverages and tobacco products, too.
In the first ten months of the year production was 8.2% lower than in the same period of the previous year.
Industrial output in October – according to seasonally and working-day adjusted indices – was 2.8% above the level of the previous month, and it grew by 66% compared to the nadir of April.
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 | |||||
| 2019 | October | 106.2 | 106.5 | 106.5 | 99.2 |
| November | 103.5 | 106.2 | 105.4 | 98.9 | |
| December | 99.1 | 105.6 | 96.7 | 96.5 | |
| 2020 | January | 102.7 | 102.7 | 103.1 | 104.8 |
| February | 104.2 | 103.5 | 101.9 | 100.1 | |
| March | 94.5 | 100.3 | 90.0 | 89.3 | |
| April | 63.1 | 90.9 | 63.2 | 69.1 | |
| May | 69.2 | 86.3 | 72.3 | 117.8 | |
| June | 92.7 | 87.3 | 88.3 | 118.0 | |
| July | 92.0 | 88.0 | 92.4 | 106.7 | |
| August | 98.0 | 89.1 | 100.0 | 106.4 | |
| September | 102.2 | 90.8 | 99.0 | 102.3 | |
| October | 100.6 | 91.8 | 102.7 | 102.8 | |