Production, based on working-day adjusted data, showed a slightly smaller decline of 2.9% compared to the same month last year.
Month-on-month, seasonally and working-day adjusted industrial output was down 1.6% from October 2024.
The majority of manufacturing subsections experienced declining production volumes in November, KSH reported. However, three subsections saw output growth, with the most significant increase occurring in the manufacture of coke and refined petroleum products.
For the first 11 months of 2024, industrial production was down 3.9% compared to the same period in 2023.
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