It was the third straight month of decline in industrial production and the steepest decrease since July 2020.

In April, production fell faster for all sectors annually: electricity, gas, steam and air conditioning supply (-11%) mining and quarrying (-11.3%) and manufacturing (-6.5%).

On a monthly basis, industrial output grew by 0.7% in April, led by growth in the manufacturing (1.2%) and mining and quarrying sectors (1.6%), reversing from an upwardly revised 0.9% drop in the previous month.

On an unadjusted basis, industrial production contracted 12.5% monthly in April and fell 8.8% from a year ago.

Considering the first four months of 2022, industrial production shrank by 3.1%.