Industrial production increases in November

Manufacturing

In November 2021, the volume of industrial production grew by 2.6% compared to the same month of 2020, according to raw data by the Central Statistical Office (KSH).

Based on working-day adjusted data production rose by 2.1%.

Increases were recorded in the most of the manufacturing subsections, including significant expansion in the manufacture of food products, beverages and tobacco products.

At the same time, the manufacture of transport equipment representing the largest weight dropped considerably. The decline was caused by the fact that, due to the global semiconductor shortage, factories were working at lower capacity or on a one-shift basis.

Output decreased to a lesser degree in the manufacture of computer, electronic and optical products.

According to seasonally and working-day adjusted data, industrial output was 2.9% higher than in October 2021.

In the first eleven months of 2021, industrial production volume was 9.9% higher than in the same period of the previous year.

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