The National Statistics Office has said that July’s industrial production decreased by 4.8 per cent from 108.4 points in July last year. This was due to declines of 6.2 and 9.7 per cent in intermediate and consumer goods respectively. On the other hand, energy and capital goods increased by 1.1 and 12.4 per cent respectively, partially mitigating the overall decline.

At the NACE division level, the manufacture of computer, electronic and optical products, which accounts for 18.5 per cent of the total industry, dropped by 12.6 per cent. Other declines were registered in the manufacture of food products, manufacture of beverages, manufacture of wearing apparel, manufacture of chemicals and chemical products and manufacture of basic pharmaceutical products and pharmaceutical preparations. On the other hand, the manufacture of textiles, printing and reproduction of media, manufacture of rubber and plastic products and manufacture of motor vehicles, trailers and semi-trailers registered increases when compared to the corresponding month last year.

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