Industrial production fell in November
Industrial production fell 1.3 percent on-year in November. In October, output rose 3.2 percent on-year. Thus, industrial production fell on an annual basis for the first time in 29 months.
When the industry subsectors are analyzed (2015=100 years of reference), it is observed that the extractive sector index is 8.6 percent, the manufacturing industry index is 0.4 percent, and that of electricity, gas, steam and air conditioning production and air conditioning sector index in November 2022 compared with the same month of the previous year, the distribution sector index decreased by 7.9 percent.
Industrial production contracted annually in June 2020, most recently due to the epidemic.
Industrial production also fell 1.1 percent per month.
When the industry subsectors are analyzed, in November 2022, the extractive sector index decreased 1.3 percent compared to the previous month, the manufacturing industry sector index decreased 1.0 percent, and the electricity, gas, steam and air conditioning The index for the production and distribution sector decreased by 2.3 percent.
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
