Industrial Output Down in June M-M

In June, the Industrial Production Index, seasonally adjusted, decreased by 1.9 per cent compared with May 2019, according to preliminary data of the National
Statistical Institute released on Thursday. In June, the working-day adjusted Industrial Production Index fell by 3.6 percent year-on-year.

Year-on-year, the seasonally adjusted Industrial Production Index decreased in the mining and quarrying industry (12.5 percent), in electricity, gas, steam and air conditioning supply (1.3 per cent) and in manufacturing (1.2 per cent).

The most significant decrease was registered in the manufacture of tobacco products by 33.4 per cent, in the manufacture of leather and related products by 13.8 per cent, in the manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials by 9.8 per cent, and in the manufacture of paper and paper products by 8.1 per cent.

On annual basis in June, the Industrial Production Index calculated from working day adjusted data declined in the mining and quarrying industry by 20 per cent, in electricity, gas, steam and air conditioning supply by 4.6 per cent and in manufacturing by 1.7 per cent.

In manufacturing, a  more considerable decrease was registered in the manufacture of tobacco products by 47.1 per cent, in the manufacture of basic metals by 21 per cent, in the manufacture of wearing apparel by 11.8 per cent, in the manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials by 10.4 per cent.

An increase was seen in printing and reproduction of recorded media by 15.2 per cent, in other manufacturing by 10.7 per cent, in the manufacture of computer, electronic and optical products  by 10.3 per cent.