KSH: industrial production fell by 7.2 percent in September

By: Trademagazin Date: 2024. 11. 13. 11:47

In September 2024, the volume of industrial production was 7.2 percent, or 5.4 percent after the working day effect, compared to a year earlier, the Central Statistical Office (KSH) confirmed in its second estimate released on Wednesday.

According to the report, production increased in two of the manufacturing sub-sectors – in the production of food, beverages and tobacco products, as well as in wood processing, paper product production, and printing activities, while production fell in eleven.

Based on seasonally and working day-adjusted data, industrial output decreased by 0.7 percent compared to August 2024.

The volume of industrial exports was 5.0 percent lower than a year earlier. The export of vehicle production, which represents 33 percent of manufacturing export sales, fell by 11.3 percent, and the production of electrical equipment, which accounted for 14 percent, fell by 5.6 percent.

Domestic sales of industry were 2.9 percent lower than in the same month of the previous year, and that of the manufacturing industry was 6.4 percent lower, the KSH announced.