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September 25, 2021
ECONOMY INDUSTRY

INS: Industrial production grows by 1.6 pct in first 11 months of last year

Industrial output was 1.6 pct bigger as a gross series and 0.4 pct bigger as an adjusted series, depending on working days and seasonality, in the first 11 months of 2016, when compared with the similar period of 2015, according to a press release of the National Institute for Statistics (INS) on Thursday.

During the interval January 1 – November 30, 2016, as compared to the same interval in 2015, industrial output (as a gross series) was 1.6 pct higher, being supported by the growth of the manufacturing industry (+2.5 pct).

The mining industry dropped by 16.5 pct while the production and supply of electricity and heat, gas, steam and air conditioning decreased by 2.0 pct.

Industrial output, as adjusted series, based on number of working days and seasonally adjusted series, increased by 0.4 pct, as a consequence of the manufacturing industry growth (+3.4 pct).

The mining industry and the production and supply of electricity and heat, gas, steam and air conditioning dropped by 16.5 pct, respectively by 2.6 pct, mentions INS.

In November 2016, industrial production outgrew the previous month, both as a gross series and as an adjusted series, depending on the number of working days and seasonality by 1.5 pct, respectively by 0.6 pct. As compared to the corresponding month of the previous year, production grew by 5.3 pct as gross series and by 1.5 pct as a seasonally adjusted series.

 

Orders in manufacturing industry grew by 7.6 pct in first 11 months of last year

 

New orders in the manufacturing industry grew by 7.6 pct in the interval between January 1 – November 30 of 2016, as compared to the similar interval of the previous year, according to a press release of the National Institute for Statistics (INS).

The growth is due to increases recorded in the capital goods industry (+12.7 pct), the durable goods industry (+7.3 pct) and the intermediate goods industry (+1.9 pct). The consumer goods industry held steady.

In November of 2016, new orders in the manufacturing industry, in nominal terms, grew by 7.9 pct compared to November of 2015.

The highest levels of growth were recorded in the durable goods industry orders, by 20 pct, and in the intermediate goods industry, by 10.7 pct. Orders in the capital goods industry were 6.9 pct higher and the ones in the consumer goods industry remained at the same level.

At the same time, in November 2016, orders in the manufacturing industry dropped by 1.9 pct as compared to the previous month, following the drops recorded in the capital goods industry (-4.8 pct), the consumer goods industry and the durable goods industry by 1.5 pct each. The intermediate goods industry increased by 3.1 pct.

 

Turnover in industry rises by 4.4 pct in first 11 months of 2016

 

The turnover in industry has risen, on both the internal and external market, by 4.4 pct in the first 11 months of 2016, compared to the similar period of last year, due to the growth of the manufacturing industry by 5.5 percent, shows a release of the National Institute for Statistics (INS) released on Thursday.

“The extractive industry decreased by 28 pct. In the large industrial sectors growth of turnover was recorded in the following sectors: durable goods industry (+18.4 pct), capital goods industry (+9.9 pct), the current goods industry (+6.1 pct) and the intermediate goods industry (+0.5 pct). Decreases were recorded in the energy industry (-14.1 pct), INS says.

In November 2016, the turnover in industry as a total (internal and external market), in nominal terms, has rose both when compared to the previous month – by 2.8 pct – as well as when compared to the previous year – by 9.8 pct.

 

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