Production: results for May 2023

Manufacturing production increased by 2,5% in May 2023 compared with May 2022. The largest contributions were made by the following divisions:

·        motor vehicles, parts and accessories and other transport equipment (15,1% and contributing 1,4 percentage points); and

·        basic iron and steel, non-ferrous metal products, metal products and machinery (5,8% and contributing 1,2 percentage points).

Seasonally adjusted manufacturing production decreased by 1,3% in May 2023 compared with April 2023. This followed month-on-month changes of 0,7% in April 2023 and 3,8% in March 2023.

Seasonally adjusted manufacturing production increased by 2,8% in the three months ended May 2023 compared with the previous three months. Seven of the ten manufacturing divisions reported positive growth rates over this period.

The largest contributions were made by the following divisions:

·        petroleum, chemical products, rubber and plastic products (6,9% and contributing 1,4 percentage points); and

·        basic iron and steel, non-ferrous metal products, metal products and machinery (4,6% and contributing 0,9 of a percentage point).

Sales: results for May 2023

Seasonally adjusted manufacturing sales decreased by 2,7% in May 2023 compared with April 2023. This followed month-on-month changes of -0,5% in April 2023 and 3,9% in March 2023.

Seasonally adjusted manufacturing sales increased by 3,8% in the three months ended May 2023 compared with the previous three months. The largest contributions were made by the follow divisions:

·        food and beverages (6,8% and contributing 1,6 percentage points); and

·        petroleum, chemical products, rubber and plastic products (4,9% and contributing 1,0 percentage point).