Based on working-day adjusted data production declined by 1.7% y.o.y.. According to seasonally and working-day adjusted data industrial output was 0.3% lower than in August 2021.
The production level was similar to the one preceding the pandemic, in September 2019, KSH notes.
Increases were recorded in the majority of the manufacturing subsections, including the manufacture of food products, beverages and tobacco products. However, the manufacture of transport equipment representing the largest weight dropped significantly. Factory shutdowns due to the global shortage in semiconductors contributed primarily to the decline. Output also decreased in the manufacture of computer, electronic and optical products.
In the first nine months of 2021, production was 12.8% higher than in the same period of 2020.
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