Production: results for October 2023

Manufacturing production increased by 2,1% in October 2023 compared with October 2022. The largest positive contributions were made by the following divisions:

·        petroleum, chemical products, rubber and plastic products (7,8% and contributing 1,5 percentage points); and

·        motor vehicles, parts and accessories and other transport equipment (6,0% and contributing 0,6 of a percentage point).

Seasonally adjusted manufacturing production decreased by 0,2% in October 2023 compared with September 2023. This followed month-on-month changes of -0,8% in September 2023 and 0,5% in August 2023.

Seasonally adjusted manufacturing production decreased by 0,7% in the three months ended October 2023 compared with the previous three months. Seven of the ten manufacturing divisions reported negative growth rates over this period. The largest negative contribution was made by the food and beverages division (-3,5% and contributing -0,8 of a percentage point).

Sales: results for October 2023

Seasonally adjusted manufacturing sales decreased by 0,7% in October 2023 compared with September 2023. This followed month-on-month changes of -0,1% in September 2023 and 2,3% in August 2023.

Seasonally adjusted manufacturing sales increased by 3,0% in the three months ended October 2023 compared with the previous three months. The largest positive contributions were made by the following divisions:

·        petroleum, chemical products, rubber and plastic products (10,8% and contributing 2,1 percentage points); and

·        motor vehicles, parts and accessories and other transport equipment (8,6% and contributing 1,3 percentage points).