Industrial production decreased, food, beverage and tobacco production increased

In the majority of the manufacturing subsectors, the volume of production decreased compared to the same month of the previous year. Among the most weighty sub-sectors, there was a decline in vehicle manufacturing, electrical equipment manufacturing, and computer, electronic, and optical product manufacturing, while food, beverage, and tobacco manufacturing increased.

Industrial production in the first five months of the year was 2.4 percent lower than in the same period of 2023.
The detailed data on industrial production for May will be published on July 12 by the KSH based on its second estimate.