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Industrial production increased by 6.7% year-on-year in March. When adjusted for working-day differences, output was up by 3.7%. On a monthly basis, seasonally and working-day adjusted data showed a 3.1% rise compared to February, indicating a broad-based improvement in industrial activity.
Growth was recorded across the majority of manufacturing subsectors. Among the largest segments, the manufacture of computer, electronic and optical products, as well as electrical equipment, posted significant gains. The food, beverage and tobacco industry also saw notable growth, while the manufacture of transport equipment registered a more modest increase.
The data suggests a more favorable short-term trend following a mixed start to the year. Over the first quarter as a whole, industrial production was 1% higher than in the same period of 2025.
The month-on-month expansion points to improving momentum in the sector, with output now exceeding the level recorded in February by more than 3% on a seasonally adjusted basis. Analysts are likely to view the March data as a sign that industrial activity may be stabilizing after a period of volatility, although the sustainability of the rebound will depend on external demand conditions and the performance of key export markets.
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