IMPROVING LIVES THROUGH DATA ECOSYSTEMS

Manufacturing production increased by 1,0% in October 2022 compared with October 2021. The largest positive contributions were made by the following divisions:

·        basic iron and steel, non-ferrous metal products, metal products and machinery (13,9% and contributing 2,5 percentage points); and

·        motor vehicles, parts and accessories and other transport equipment (22,9% and contributing 2,0 percentage points).

The largest negative contributions were made by the following divisions:

·        petroleum, chemical products, rubber and plastic products (-9,6% and contributing -2,1 percentage points); and

·        food and beverages (-4,0% and contributing -0,9 of a percentage point).

Seasonally adjusted manufacturing production decreased by 6,3% in October 2022 compared with September 2022. This followed month-on-month changes of 5,0% in September 2022 and 2,1% in August 2022.

Seasonally adjusted manufacturing production increased by 2,7% in the three months ended October 2022 compared with the previous three months. Seven of the ten manufacturing divisions reported positive growth rates over this period.

The largest positive contributions were made by the following divisions:

·        motor vehicles, parts and accessories and other transport equipment (24,7% and contributing 2,2 percentage points);

·        wood and wood products, paper, publishing and printing (6,0% and contributing 0,6 of a percentage point); and

·        food and beverages (2,8% and contributing 0,6 of a percentage point).

The largest negative contribution was made by the petroleum, chemical products, rubber and plastic products division (-5,3% and contributing -1,1 percentage points).

Sales: results for October 2022

Seasonally adjusted manufacturing sales decreased by 4,3% in October 2022 compared with September 2022. This followed month-on-month changes of 3,7% in September 2022 and 1,2% in August 2022.