Factory output drops 5.9% in August

Manufacturing output fell in August for the eighth successive month. However, figures show signs of recovery after the December 2008 historic low.

Year on year, industrial production decreased by 3% in October 2008, by 11.5% in November, and by 18% in December, only to stabilize near 12% in the first three months of 2009. In April, manufacturing output fell 9.5% compared to the same period of last year, in May it dropped 9.8%, in June 8.9% and in July by 6.9%. September 2008 was the last month of growth in industrial output with a 3% advance year-on-year.

In August 2009, mining and quarrying output dropped 17.2% from year-ago period, while processing output decreased by 7.5%. Electricity, gas, water supply and air conditioning increased by 14.8%.

Production of non-durable goods fell 9.1%, consumer durables fell by 8.8%, intermediary goods by 6.8% and capital goods by 2.8%. Electricity output rose 6.5%.

Compared to July 2009, manufacturing output, adjusted for working days and seasonal changes dropped 0.3% in August, pulled down by 0.5% decrease in processing, which was partially compensated by the 3.3% output growth in electricity, gas, water supply and air conditioning and by the 0.6% increase in mining output.

Month-on-month, production of energy increased by 2.7%, intermediary goods by 1% while durable consumer goods remained at the same level. Capital goods output dropped 3.8% and production of non-durable consumer goods fell 0.3%.

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