Industrial production drops by 4.2 percent

Written by BT

The volume of industrial production lagged behind in November 2024 by 4.2%, production based on working-day adjusted data declined by 2.9%, year-on-year. According to seasonally and working-day adjusted data, industrial output was 1.6% lower than in October 2024.

Production volume fell in November 2024 in the great majority of the manufacturing subsections. Output grew only in three subsections, at the highest rate in the manufacture of coke, and refined petroleum products.

In the first eleven months of the year industrial production was 3.9% lower than in the same period of 2023.

Industrial output– according to seasonally and working-day adjusted indices – was below the level of the previous month by 1.6%.