Home » today » Business » The manufacturing industry achieved the best result of this year in July

The manufacturing industry achieved the best result of this year in July

Production increased in mining and quarrying by 11.5%, while electricity and gas supply fell by 14.1%. Total industrial output increased by 0.1%.

Compared to the corresponding month of the previous year, the increase in production volume was by 12.5% ​​in terms of the share in the largest manufacturing sector – manufacture of wood and of products of wood and cork.

The production of chemicals and chemical products continued to show an increase in production in July – by 13.7%, and the manufacture of computer, electronic and optical products. With the negative impact of the COVID-19 pandemic diminishing, in the first month of July, output of machinery, mechanical appliances and machinery increased by 11.9%, furniture by 10.5% and clothing by 9.1%.

In turn, the decline in output continued in the repair and installation of machinery and equipment – by 26.5% and in the manufacture of motor vehicles, trailers and semi-trailers (manufacture of motor vehicle parts and accessories, which includes various automotive components) – by 16.8%.

Production also declined in the manufacture of basic pharmaceutical products and pharmaceutical preparations, in the manufacture of basic metals and in two of the three largest industries by weight: manufacture of food products and manufacture of fabricated metal products, except machinery and equipment (by 0.2% and 15.5% respectively).

In July 2020, compared to June 2020, the volume of manufacturing output according to seasonally adjusted data at constant prices increased by 4.1%. Production also increased in mining and quarrying – by 0.3%, but decreased – in electricity and gas supply – by 27.1%. Total industrial output decreased by 0.8%.

Others are currently reading

PHOTO: people go to the premiere of the ballet “Swan Lake”



Stiffening video from Russia: giant cranes overturn all builders during a storm




Lithuanian Minister explains the main differences why Latvia is doing so well with the fight against Covid-19






– .

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.