Provisional seasonally adjusted data published by the National Statistics Office indicate that industrial production in July declined by 0.5 per cent over the previous month. Comparing working day adjusted indices on an annual basis, industrial production increased by 2.9 per cent.

The overall index of industrial production for July stood at 105.1 points. The two main industrial groupings that improved over the previous month were energy and consumer goods. These main industrial groupings reported monthly increases of 0.8 and 3.2 per cent respectively. These outcomes were offset by negative movements in the index for intermediate and capital goods, by 0.1 and 0.7 per cent respectively.

When compared to the corresponding month last year, the working day adjusted index of industrial production went up by 2.9 per cent. NSO said that all the main industrial groupings contributed to this overall increase, the most notable increases being recorded in intermediate and non- durable consumer goods, by 5.5 and 5.2 per cent respectively.

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