Industrial production in June disappointed again

It decreased by 2.1 percent y-o-y, reaching the lowest level since April 2017.

Illustrative stock photoIllustrative stock photo (Source: Sme)

Industrial production decreased by 2.1 percent, year-on-year, and reached the lowest level since April 2017.

The development according to the Statistics Office was affected by a fall in manufacturing by 4.1 percent; the increase in electricity, gas, steam and air-conditioning supply by 15.1 percent; and in mining and quarrying by 10.9 percent.

In terms of the specific groupings of the industrial sectors, which contributed the most to total production decrease, the most significant decrease was recorded in the manufacturing of transport means, by 7.6 percent.

It was followed by the manufacture of refined petroleum products by 51.7 percent, the manufacture of rubber and plastic products and other non-metallic mineral products by 11.7 percent, the manufacture of metal and fabricated metal products except machinery and equipment by 8.6 percent, and the manufacture of chemicals and chemical products by 33.2 percent.

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