In November, industrial production experienced a 2.3% decline compared to the same period in 2022, as reported by the State Statistical Office. However, for the January-November timeframe, there was a 1.3% rise in industrial production compared to the corresponding period in 2022.

Breaking down the sectors in November, mining and quarrying saw an 8.3% decrease, manufacturing dropped by 2.7%, while electricity, gas, steam, and air conditioning supply increased notably by 9.4%.

The decline in manufacturing primarily resulted from reduced production in various divisions such as the manufacture of beverages, wearing apparel, rubber and plastic products, other non-metallic mineral products, fabricated metal products excluding machinery, electrical equipment, and machinery and equipment n.e.c.

Looking at the Main Industrial Groupings, there were increases in Energy by 3.9%, Capital goods by 6.2%, and Non-durable consumer goods by 0.6%. However, there were decreases in Intermediate goods (excluding energy) by 9.7% and Durable consumer goods by 22.8%.