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In December 2024 Industrial Production Index Down by 3.9%, Y/Y


The Industrial Production Index decreased by 1.6% in December 2024 compared to the previous month, show National Statistical Institute data published on 10 January. The data are preliminary and seasonally adjusted.

In December 2024, compared to November 2024, a decrease was seen in the electricity, gas, steam and air conditioning supply - by 7.4%, and in the manufacturing - by 1.6%, while an increase was registered in the mining and quarrying industry - by 21.4%.

In comparison with November 2023, a decrease of 3.9% was reported in the calendar-adjusted Industrial Production Index.

On an annual basis, a drop of the Industrial Production Index was observed in the electricity, gas, steam and air conditioning supply - by 28.8%, and in the manufacturing - by 1.2%, while an increase was registered in the mining and quarrying industry - by 8.0%.

In December 2024, the production index in the "Construction" section decreased by 3.4% compared to the previous month. A decrease was seen in the production of specialized construction activities - by 6.3%, in the production of civil engineering - by 2.1%, and in the building construction - by 1.7%. The data are preliminary and seasonally adjusted.

The calendar-adjusted data showed a rise of 2.2% in the construction production compared to the same month of 2023. Civil engineering went up by 4.8% and specialized construction activities - by 2.7%. The construction of buildings remains at the level of the previous year.