Published on: 6 November 2020

Industrial production increased by 2.2% compared to September 2019, and by 2.3% month-on-month

In September 2020 the volume of industrial production grew by 2.2% year-on-year according to crude data. Based on working-day adjusted data production declined by 1.0%. The growth was 2.3% compared to the previous month according to seasonally and working-day adjusted data.

The volume of production grew in the largest weight representing subsections: the manufacture of transport equipment, as well as the manufacture of computer, electronic and optical products rose to a greater extent, while the manufacture of food products, beverages and tobacco products increased to a lesser degree. However, the production dropped in the majority of the other manufacturing subsections.

In the first nine months of the year production was 9.2 % lower than in the same period of the previous year.

Industrial output in September – according to seasonally and working-day adjusted indices – was 2.3% above the level of the previous month, and it grew by 61% compared to 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
2019September111.3 106.5 109.2 103.3
October106.2 106.5 106.5 99.5
November103.5 106.2 105.4 98.8
December99.1 105.6 96.7 96.4
2020January 102.7 102.7 103.1 104.8
February104.2 103.5 101.9 100.1
March94.5 100.3 90.0 89.3
April63.1 90.9 63.2 69.1
May69.2 86.3 72.3 117.7
June92.7 87.3 88.3 117.9
July92.0 88.0 92.5 106.7
August98.0 89.1 100.0 106.3
September102.2 90.8 99.0 102.3