Published on: 8 January 2020

Industrial production increased by 3.6%

In November 2019 the volume of industrial production grew by 3.6% year on year. Based on working-day adjusted data, production rose by 5.7%.

The majority of manufacturing subsections contributed to the increase. The rate of growth slackened in the manufacture of transport equipment, representing the largest weight, while it slightly accelerated in the manufacture of computer, electronic and optical products. The manufacture of food products, beverages and tobacco products rose at a rate above the industrial average.

Production was 6.0% higher in the first eleven months of the year than in the same period of the previous year.

The seasonally and working-day adjusted industrial output decreased by 1.0% in November compared to the previous month.

Volume index of industrial production

(%)

Period Unadjusted (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
2018November103.6 103.3 103.2 99.5
December106.4 103.5 106.7 103.4
2019January 104.4 104.4 105.1 100.1
February106.2 105.3 106.2 101.1
March108.2 106.3 108.2 101.1
April106.4 106.3 106.2 98.7
May109.1 106.9 106.4 101.4
June98.8 105.5 104.3 98.2
July112.0 106.4 108.8 101.6
August100.3 105.7 102.7 98.8
September111.1 106.3 109.0 103.0
October106.1 106.3 106.4 99.6
November103.6 106.0 105.7 99.0