NSI: Industrial Production Grows 2.7% MoM in May 2017
The industrial production index increased by 2.7% month-on-month in May 2017, the National Statistics Institute (NSI) said.
The index increased in the mining and quarrying industry by 3.8%, in manufacturing by 2.6%, and in electricity, gas, steam and air conditioning supply by 2.9%. More significant increases in manufacturing were observed in basic pharmaceutical products and pharmaceutical preparations by 13.9%; repair and installation of machinery and equipment by 13%; manufacturing of machinery and equipment by 10.4%; manufacturing of transport equipment, excluding automobiles, by 9.3%; and manufacturing of electrical equipment by 7.2%.
Compared to May 2016, the index rose by 9.6%, driven by a 13.5% increase in manufacturing and a 6.1% growth in mining and quarrying.
In addition, the index of production in the construction sector in May rose by 3.7% month-on-month and by 12% year-on-year.
Turnover in retail trade, excluding motor vehicles and motorcycles, increased by 1.3% month-on-month and by 6.2% year-on-year.
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