Industrial production decreased by 13.7%
The volume of industrial production dropped in December 2023 by 13.7% year-on-year, based on working-day adjusted data, production declined by 8.7%. Compared to crude data, the significant difference is due to the fact that there were two less working-days in December 2023 than in December 2022. According to seasonally and working-day adjusted data, industrial output was 0.3% lower than in November 2023.
In 2023 the volume of industrial production was 5.5% lower compared to 2022.
Production volume fell in December 2023 in the great majority of the manufacturing subsections. Output grew in only three subsections, at the highest rate in the manufacture of coke, and refined petroleum products.
Industrial output– according to seasonally and working-day adjusted indices – was 0.3% below 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 the previous year = 100.0 | |||||
| 2022 | December | 103.0 | 106.1 | 106.7 | 103.6 |
| 2023 | January | 99.2 | 99.2 | 96.2 | 94.3 |
| February | 94.7 | 96.9 | 94.7 | 99.9 | |
| March | 95.9 | 96.6 | 96.0 | 100.4 | |
| April | 91.2 | 95.3 | 93.7 | 97.6 | |
| May | 93.1 | 94.8 | 95.4 | 101.5 | |
| June | 96.9 | 95.2 | 94.5 | 99.7 | |
| July | 97.5 | 95.5 | 97.5 | 102.1 | |
| August | 94.7 | 95.4 | 93.9 | 97.6 | |
| September | 92.7 | 95.1 | 94.3 | 101.0 | |
| October | 96.8 | 95.2 | 97.1 | 99.4 | |
| November | 94.5 | 95.2 | 94.7 | 97.8 | |
| December | 86.3 | 94.5 | 91.3 | 99.7 | |