The value of industrial production again lower at the monthly level
In June 2019 the value of industrial production was lower by 1.6% compared to May 2019. Industrial production at the monthly level decreased for the second consecutive month. We continue to record growth at the annual level despite the growth in June 2019 being the smallest this year (by 1.1%).
In the first half of 2019 the value of industrial production increased compared to the same period of 2018 (by 3.7%). The largest increase was in manufacturing (by 3.9%), followed by mining and quarrying (by 2.1%), and by electricity, gas and steam supply (by 1.1%).
3.7% growth in the first half of 2019 is the smallest growth in the last six years, when in the first half of 2013 industrial production grew by 0.9%.
Turnover in industry and the value of stocks also declined at the monthly level
In June 2019 turnover in industry was lower by 3.0% at the monthly level and by 1.2% at the annual level. The decline in turnover can be attributed to lower turnover in manufacturing in the non-domestic market: in this category turnover was lower by 5.4% at the monthly level and by 2.0% at the annual level.
In the first half of 2019 turnover in industry increased by 2.3% over the same period of 2018. In manufacturing it increased by 2.9%, while in mining and quarrying it decreased by 1.0%.
In June 2019 the value of stocks of finished and unfinished production slightly fell at the monthly level (by 0.2%). The growth at the annual level is slowing down: this time the value of stocks grew by 3.2%, which is the lowest growth rate since July 2015. In the first half of 2019 the value of stocks grew by 4.7% compared to the same period of 2018.