Monday , January 17 2022

By the end of September industrial production increased by 4.1 per cent


Industrial production grew 4.1 per cent this year during the nine months of this year, according to the National Statistics Institute on Monday. The growth was mainly attributable to the manufacturing industry, with its performance improved by 5 per cent. According to the value of seasonal adjustment and calendar value, growth was 5.5 per cent.

In September, industrial output grew by 0.5 per cent as raw data. The turnover of the industry grew by 12.9 per cent in the first three quarters and 8.1 per cent in September compared to the ninth month last year. Also on Monday, the statistics organization announced that new industrial orders rose by 16.3 per cent in the first three quarters compared to the same period last year. In September, growth was 9.7 per cent year on year.

The government officially expects growth of 5.5 per cent in economic growth, but the government's economic forecasts committee has reduced its expected GDP growth from 5.5 per cent to 4.5 per cent in its autumn projection published on a day Friday, with an increase of over 6 percent earlier. On Thursday, the European Commission has significantly reduced its expectations for the growth of the economy this year, so it expects to increase CMC 3.6 percent rather than 4.5% reported previously.

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