KSH: The production of food, beverages and tobacco products was 9.7 percent lower than a year earlier

By: Trademagazin Date: 2023. 11. 13. 11:47

In September 2023, the volume of industrial production was 7.3 percent lower than a year earlier, the Central Statistical Office (KSH) announced on Monday based on its second estimate.

Adjusted for the working day effect, production fell by 5.8 percent. A decline was measured in most of the manufacturing industry sub-sectors, but at the same time, the volume of production increased in the production of the heaviest vehicles, as well as in the production of electrical equipment. Based on seasonally and working day-adjusted data, industrial output was 1.2 percent higher than in August 2023, KSH wrote.

In September, the volume of industrial exports was 7.7 percent lower than a year earlier. Exports of vehicle production, representing 33 percent of manufacturing export sales, increased by 3.4 percent, and the production of electrical equipment, which accounted for 15 percent, increased by 5.1 percent.
The domestic sales of industry fell by 16.4 percent, and that of the manufacturing industry by 6.2 percent compared to the same month of the previous year.

The production of the manufacturing industry, which represents a decisive weight within the industry (96 percent), decreased by 6.1 percent, that of the minor mining industry by 31 percent, and that of the energy industry (electricity, gas, steam supply, air conditioning) by 24 percent.