Industrial production dropped 1.2% year-on-year in February, reversing a revised 1.8% increase in January.

Among sectors, manufacturing output contracted 0.9% annually in February, and that of electricity, gas, steam, and air conditioning supply dropped 4.7%.

On the other hand, mining and quarrying production expanded 3.5%.

On a monthly basis, industrial output recovered 0.4% from January, when it fell by 3.2%.

In a separate report, GUS revealed that producer price inflation eased to 18.4% in February from 20.1% in the previous month. On a month-on-month basis, producer prices were down 0.4% in February.