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Chemicals, chemical products & MMF output fall
24
Jan '08
In November 2007, seasonally adjusted industrial production was on the same level, m-o-m, as in October 2007. Industrial production grew by 6.7%, year-on-year. Sales from industrial activity at constant prices rose by 7.6%, year-on-year. The value of industrial new orders increased by 4.0%, year-on-year.

The year-on-year index of industrial production reached 106.7% in November, (or 104.9% working days adjusted, WDA). There was one working day more in November 2007 compared to November 2006. Seasonally and working days adjusted index was 105.6%. In year-on-year comparison, industrial production has been growing since September 2002, i.e. for 63 months.

The growth of industrial production was most contributed to by 'manufacture of transport equipment' (+21.2%, contribution to the growth of industry in total 4.2 percentage points), 'manufacture of electrical and optical equipment' (+11.2%, contribution 2.1 p. p.) and 'manufacture of machinery and equipment' (+11.8%, contribution 0.8 p.p.).

A marked decrease was recorded for 'manufacture of coke, refined petroleum products' (-26.8%, contribution -1.0 p.p.), which came from a planned outage time of processing equipment. A drop was reported also for 'manufacture of chemicals, chemical products and man-made fibres' (-7.9%, contribution -0.3 p.p.) and 'manufacture of food products; beverages and tobacco' (-2.9%, contribution -0.2 p.p.).

Sales from industrial activity at constant prices (of the year 2000) rose by 7.6% (+8.6% at current prices), by 5.9% WDA, or by 6.7% SA, year-on-year. The increase of sales from industrial activity was most contributed to by 'manufacture of transport equipment' (+21.1%, contribution to the growth of industry in total 4.4 percentage points), 'manufacture of electrical and optical equipment' (+11.4%, contribution 2.1 p.p.) and 'manufacture of machinery and equipment' (+11.8%, contribution 1.0 p.p.). Sales from industrial activity decreased in 'manufacture of coke, refined petroleum products' (-37.5%, contribution -0.8 p.p.), for 'manufacture of chemicals, chemical products and man-made fibres' (-8.1%, contribution -0.4 p.p.) and 'manufacture of food products; beverages and tobacco' (-3.1%, contribution -0.2 p.p.).


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