Industrial production up on previous month, but down 3.5% on 2015

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Industrial production up 0.7% on previous month, but down 3.5% on 2015Seasonally adjusted industrial production increased by 0.7 per cent in July over the previous month. When compared to July 2015, the index of industrial production adjusted for working days went down by 3.5 per cent, the National Statistics Office said today.

Increases were registered in the production of intermediate goods (3.0 per cent), capital goods (2.9 per cent) and energy (2.7 per cent). On the other hand, the production of consumer goods went down by 4.8 per cent.

When compared to the corresponding month of 2015, the index of industrial production adjusted for working days went down by 3.5 per cent. Decreases were registered in the production of consumer goods (7.1 per cent), intermediate goods (5.4 per cent) and capital goods (3.1 per cent). On the other hand, energy production went up by 3.1 per cent.

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