Industrial production rises after four months of decline

According to the figures, industrial production increased by 2.6% year over year and 2.1% month over month in September, following four consecutive months of decline. The rebound, after a 1.7% annual contraction in August, was seen as a sign of recovery in the industrial sector.

A breakdown of industrial subsectors showed that mining and quarrying output increased by 1.2% year over year in September, while manufacturing production rose by 2.6% and electricity, gas, steam, and air conditioning supply increased by 4%. On a monthly basis, mining and quarrying grew by 1.1%, manufacturing by 2.3%, and electricity and gas production by 0.1%. As a result, all three major industrial subsectors recorded growth on both a monthly and annual basis.