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Big boost to industrial production

Data released by the Central Statistical Bureau (CSB) on July 4 show that, compared to May 2016, in May 2017 industrial production output increased by 9.9 % (according to calendar adjusted data at constant prices), as LSM reported.

An industrial production output increase was recorded in manufacturing (of 9.4 %), mining and quarrying (21.3 %), and electricity and gas supply (9.8 %).

"Compared to the corresponding month of the previous year, an industrial production output rise was observed in most of the manufacturing sectors, including those having the largest share in the industrial production – manufacture of wood and of products of wood and cork (6.8 %), manufacture of food products (7.5 %) and manufacture of fabricated metal products, except machinery and equipment (1.5 %). The most notable output increase was recorded in high- and medium-high-tech industries: manufacture of electrical equipment (51.1%), manufacture of machinery and equipment (26.5 %), manufacture of computer, electronic and optical products (24.9 %), and manufacture of basic pharmaceutical products and pharmaceutical preparations," said the CSB.



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