Mon - Fri: 9:00 - 17:30
Sat-Sun Closed
+356 21244895
Phone
Index of Industrial Production: March 2023
- In March 2023, industrial output increased by 12.5 per cent when compared to March 2022.
- The largest upward change in industrial production was registered in the manufacturing of wood, paper products and printing (38.5 per cent).
- When compared to the previous month, industrial production increased by 0.4 per cent.
Total industrial output – annual comparison
In March 2023, the index of industrial production went up by 12.5 per cent when compared to the corresponding month in 2022. When excluding energy, the index went up by 13.9 per cent (Chart 1).
Manufacturing output – annual comparison
In March 2023, manufacturing output went up by 13.9 per cent. The largest upward change was registered in the production of wood, paper products and printing (38.5 per cent), followed by the production of chemical and pharmaceutical products (28.0 per cent). On the other hand, a downward change was registered in the production of rubber, plastic and other non-metallic mineral products (11.0 per cent) and in the production of food products and beverages (0.9 per cent) (Chart 2).
Industrial output – annual comparison by main industrial grouping
The Main Industrial Groupings (MIGs) provide an alternative statistical breakdown of economic activities classified according to end-use categories. They combine several NACE divisions, groups and classes together (see methodological table for further information).
In March 2023, the production of consumer goods and capital goods increased by 27.5 per cent and 3.6 per cent respectively. Moreover, the production of energy increased by 2.7 per cent followed by the intermediate goods (2.0 per cent) (Chart 3).
Seasonally adjusted industrial production – monthly comparison
A clearer picture of the economic developments can be obtained when indices are adjusted for seasonal effects. These recurring effects are removed from the index series to enable month-to month comparisons (see methodological points 5 and 6).
The seasonally adjusted index of industrial production for March 2023 increased by 0.4 per cent when compared to February 2023 and stood at 115.2 index points (2015=100) (Chart 4).
ARTICLE WRITTEN BY NSO
FOLLOW THE UPDATES ON NSO
