Industrial output development stayed stifled at 2.4% in December 2018 by compression in the mining portion and poor show by the manufacturing sector.
In November 2018, the industrial growth was revised downwards to 0.3% from the provisional estimate 0.5% released in January 2019.
The manufacturing sector, which comprises 77.63% of the list, recorded a low development of 2.7% in December as against 8.7% extension in the year-back month.
Industrial output development stayed stifled at 2.4% in December 2018 by compression in the mining portion and poor show by the manufacturing sector. According to the data released by the Central Statistics Office on February 12, factory production as measured in terms of the list of Industrial Production had grown by 7.3% in December 2017.
In November 2018, the industrial growth was revised downwards to 0.3% from the provisional estimate 0.5% released in January 2019. Industrial output grew at 4.6% against 3.7% in the same period of the previous fiscal during April- December 2018.
The manufacturing sector, which comprises 77.63% of the list, recorded a low development of 2.7% in December as against 8.7% extension in the year-back month. Mining sector production shrunk by 1% in December as against 1.2% development in December 2017.
