Industrial production up 1.6% year-on-year in November
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Based on working-day adjusted data, the volume of industrial production rose by 1.6% year-on-year in November 2020, the Central Statistical Office (KSH) reports.
According to crude data, industrial production grew by 3.5% year-on-year. Compared to October 2020, the production volume fell by 1.2% according to seasonally and working-day adjusted data. Industrial output in November was 63% higher compared to the nadir of April.
The manufacture of transport equipment, having the largest weight, as well as the manufacture of computer, electronic and optical products increased, at the same time the production volume dropped in the majority of the manufacturing subsections, among them it declined in the manufacture of food products, beverages and tobacco products, too.
In the first eleven months of the year production was 7% lower than in the same period of 2019.
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