Despite the Russian-Ukranian war, the volume of industrial production was higher than last year.Continue reading
Industrial production in August was 14.4 percent higher than a year earlier, and adjusted for working days, output rose by 9.3 percent, as there were two more working days in August this year than last. Seasonally and working-day adjusted industrial output in August was 0.1 percent higher than in July, the Central Statistical Office (KSH) confirmed on Wednesday in its second estimate.
Output in manufacturing was up 14.9 percent, 1.8 percent in the energy industry, and 20.9 percent in small scale mining compared to August last year. Output in vehicle manufacturing was 58.0 percent higher than a year earlier, and that of food 13.7 percent higher.
The volume of industrial exports was 27.7 percent higher than a year earlier. Exports of vehicle manufacturing increased 67.5 percent, and exports of computer, electronic, and optical products, which weigh 15 percent, increased by 28.3 percent.
Domestic sales in manufacturing rose 8.0 percent and manufacturing 1.6 percent from the same month a year before.
Total new orders in the observed manufacturing sectors were 25.0 percent higher than in August last year. Total new orders at the end of August were 19.7 percent higher than a year earlier.
Industrial production increased 6.1 percent in the first eight months of the year. Foreign sales, which accounted for 60 percent of total sales, rose 7.1 percent, while domestic sales rose 8.3 percent.
Via: MTI ; Featured photo: pixabay