Compared to March 2021, industrial production output rose by 6.3% in March, according to calendar adjusted data at constant prices. Output increase was registered in manufacturing (+10%) and mining and quarrying (+9.2%).
In turn, the supply of electricity and gas decreased by 18.6% due to a decrease in the volume of electricity produced in CHP plants as well as in gas supply to consumers.
In March, out of 22 manufacturing sectors, 16 sectors showed production output rise.
Significant production output rise, compared to the corresponding period of the previous year, was registered in repair and installation of machinery and equipment (+34.2%), printing and reproduction of recorded media (+29.8%), manufacture of beverages (+28.2%), manufacture of chemicals and chemical products (+20.3%) and manufacture of textiles (+20.1%). Two of the three largest manufacturing sectors by share also recorded an output growth – manufacture of wood and of products of wood and manufacture of fabricated metal products, except machinery and equipment (+16.7% and +5.9%, respectively), according to data compiled by the Central Statistical Bureau.
In turn, the decline in output in March was again registered in manufacture of computer, electronic and optical products (-13.8%) and manufacture of paper and paper products (-13.7%), as well as the second largest manufacturing sector – food production (-0.2%).
Compared to February, industrial production output rose by 3.5% in March. Production output in manufacturing increased by 3.3%, but in mining and quarrying – fell by 2.3% and in electricity and gas supply – by 1.4%.
Compared to March 2021, manufacturing turnover, according to calendar adjusted data at current prices, increased by 26.7%. Turnover in the domestic market increased by 25.3% and export turnover – by 27.4% (of which by 42% in euro area and by 17.2% in non-euro area).
Compared to February, manufacturing turnover, according to seasonally adjusted data, rose by 5% in March. Turnover in the domestic market increased by 8.3% and export turnover – by 3.4% (of which by 4.7% in euro area and by 2.3% in non-euro area). (BNN/Business World Magazine)