Industrial sector continues strong growth

Compared to February 2017, in February 2018 industrial production output increased by 8.7 % according to calendar adjusted data at constant prices, the Central Statistical Bureau (CSB) said April 3.

An increase in production output was recorded in manufacturing (of 7.3 %) and electricity and gas supply (of 12.7 %), whereas a drop was observed in mining and quarrying (of 2.1 %).

Compared to the corresponding month of the previous year, the largest growth in manufacturing was recorded in the sectors of high and medium-high technology manufacturing: manufacture of chemicals and chemical products (of 40.3 %), manufacture of electrical equipment (of 33.9 %), manufacture of motor vehicles, trailers and semi-trailers (of 32.1 %), as well as manufacture of basic pharmaceutical products and pharmaceutical preparations.

An increase in output was also recorded in the sectors having the largest share in industrial production: manufacture of wood and of products of wood and cork, except furniture (of 5.7 %), manufacture of food products (of 0.9 %), manufacture of fabricated metal products, except machinery and equipment (of 16.8 %) and in manufacture of non-metallic mineral products (of 8.2 %).

Compared to February 2017, in February 2018 manufacturing turnover increased by 9.8 % (according to calendar adjusted data at current prices). Turnover on the domestic market went up by 9.5 % and in export by 9.9 % (of which by 13.6 % in euro area and by 7.1 % in non-euro area).

Compared to January 2018, in February 2018 manufacturing turnover decreased by 0.3 % (according to seasonally adjusted data). Turnover on the domestic market dropped by 0.8 %, while it remained at the level of the previous month in export.

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Economy
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