Industrial output data for May published

Take note – story published 2 years ago

Data compiled by the Central Statistical Bureau (CSB) and published July 5 show that, compared to May 2020, in May 2021 industrial production output rose by 10.1 % according to calendar adjusted data at constant prices. 

Production output increase was registered in manufacturing - by 11 %, in electricity and gas supply – by 3.8 %, andin mining and quarrying - by 2.4 %.

Compared to the corresponding month of the previous year, when the second largest decline in production during the Covid-19 pandemic was observed, the manufacturing production output in all the following sectors continued to show a significant increase: in production of motor vehicles, trailers and semi-trailers - by 70.4 %, the manufacture of furniture - by 47.3 %, manufacture of machinery and equipment - by 29 % as well as manufacture of computers, electronic and optical products.

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Output continued to grow significantly in the manufacture of textiles - by 25 %, in printing and reproduction of recorded media - by 20 % and in two of the three largest manufacturing industries - manufacture of wood and of products of wood and cork, and manufacture of fabricated metal products, except machinery and equipment (by 11.1 % and 5.1 % respectively).

In turn, the volume of production decreased in the repair and installation of machinery and equipment - by 14.6 % and in food production - by 2.3 %.

Month on month however the picture was rather different. In May 2021, compared to April 2021, according to seasonally adjusted data at constant prices, manufacturing output decreased by 2.3 %, including in manufacturing - by 2.4 % and in mining and quarrying - by 5.9 %, but in electricity and gas supply it increased by 1.8 %.

Compared to May 2020, in May 2021 manufacturing turnover, according to calendar adjusted data at current prices, increased by 25.7 %. Turnover increased by 16.7 % in the domestic market and by 30.7 % in exports (including 20.4 % in the euro area and by 39.5 % in non-euro area).

In May 2021, compared to April 2021, manufacturing turnover, according to seasonally adjusted data, decreased by 0.8 %. Turnover decreased by 1.7 % in the domestic market and by 0.4 % in exports (it decreased by 2 % in the euro area and increased by 0.8 % in non-euro area).

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