IMPROVING LIVES THROUGH DATA ECOSYSTEMS
Key findings: P3041.2 - Manufacturing: Production and sales, March 2024
Production: results
for March 2024
Manufacturing production decreased by 6,4% in March 2024 compared with
March 2023. The following divisions made the largest negative contributions:
·
motor vehicles, parts and accessories and
other transport equipment (-25,9% and
contributing -2,7 percentage points);
·
basic iron and steel, non-ferrous metal
products, metal products and machinery (-9,0% and contributing ‑1,9 percentage
points); and
·
petroleum, chemical products, rubber and
plastic products (-3,9% and contributing -0,8 of a percentage point).
Seasonally adjusted
manufacturing production decreased by 2,2% in March 2024 compared with February
2024. This followed month-on-month changes of -1,0% in February 2024 and 0,8%
in January 2024.
Seasonally adjusted
manufacturing production decreased by 1,0% in the first quarter of 2024
compared with the fourth quarter of 2023. Five of the ten manufacturing
divisions reported negative growth rates over this period.
The following divisions made the largest negative contributions:
·
motor vehicles, parts and accessories and
other transport equipment (-14,9% and contributing -1,5 percentage points); and
·
basic iron and steel, non-ferrous metal
products, metal products and machinery (-3,1% and contributing -0,6 of a percentage point).
The largest positive contributions were made by
the following divisions:
·
food and beverages (2,7% and contributing 0,6 of
a percentage point); and
·
petroleum, chemical products, rubber and
plastic products (2,6% and contributing 0,5 of a percentage point).
Sales:
results for March 2024
Seasonally adjusted manufacturing
sales increased by 0,1% in the first quarter of 2024 compared with the fourth
quarter of 2023.
The largest positive
contributions were made by the following divisions:
·
food and beverages (5,6% and contributing 1,3
percentage points); and
·
petroleum, chemical products, rubber and
plastic products (4,3% and contributing 0,9 of a percentage point).
The largest negative
contribution was made by the motor vehicles, parts and accessories and
other transport equipment division (-8,6% and contributing -1,5 percentage
points).