Industrial Production Index Grows 16.5% in August 2022, Y/Y

Jerusalem, 10 October, 2022 (TPS) -- SOFIA, 10.10.2022 (BTA)
The Industrial Production Index increased by 0.7% in August 2022 from July, according to preliminary seasonally adjusted data released by the National Statistical Institute on Monday. The August 2022 index increased by 16.05% compared to the same month of 2021, according to calendar-adjusted preliminary data.

Compared to July 2022, an increase was registered in the electricity, gas, steam and air conditioning supply (1.5%) and in manufacturing (1.2%), while a decrease was observed in the mining and quarrying industry (7.6%).

In manufacturing, a notable increase was seen in the manufacture of tobacco products (17.1%), in the production of foods (11.4%), in the manufacture of motor vehicles, trailers and semi-trailers (10.9%), and in repair works and assembly of machinery and equipment (9.3%).

Drops were registered in the manufacture of chemicals and chemical products (11.6%), of computer, electronic and optical products (10.3%), manufacture of vehicles other than cars (8.5%), furniture production (also 8.5%), etc.

Compared to August 2021, and according to calendar adjusted data, an increase was reported in the electricity, gas, steam (51.3%), and in manufacturing (12.7%), while a drop is reported in the mining and quarrying industry (5.7%).

In manufacturing, a more significant year-on-year increase was observed in the manufacture of: vehicles other than cars (68.3%), of fabricated metal products, except machinery and equipment (42.1%), of beverages (41.9%), other manufacturing (33.3%), and of tobacco products (32.6%).

Decreases were reported in the manufacture of drug substances and products (14.2%), of chemical products (13.7), among others.