Key findings: P3041.2 - Manufacturing: Production and sales, August 2024

Production: results for August 2024

 

Manufacturing production decreased by 1,2% in August 2024 compared with August 2023. The largest negative contributions were made by the following divisions:

·        motor vehicles, parts and accessories and other transport equipment (-16,1% and contributing -1,6 percentage points); and

·        basic iron and steel, non-ferrous metal products, metal products and machinery (-5,4% and contributing -1,2 percentage points).

The largest positive contribution was made by the food and beverages division (5,8% and contributing 1,3 percentage points).

Seasonally adjusted manufacturing production decreased by 0,6% in August 2024 compared with July 2024. This followed month-on-month changes of 1,6% in July 2024 and 0,0% in June 2024.

Seasonally adjusted manufacturing production increased by 0,1% in the three months ended August 2024 compared with the previous three months. Four of the ten manufacturing divisions reported positive growth rates over this period. The largest positive contribution was reported for the basic iron and steel, non-ferrous metal products, metal products and machinery division (1,8% and contributing 0,4 of a percentage point).


Sales: results for August 2024

Seasonally adjusted manufacturing sales decreased by 1,8% in August 2024 compared with July 2024. This followed month-on-month changes of 1,8% in July 2024 and 0,5% in June 2024.

Seasonally adjusted manufacturing sales increased by 0,3% in the three months ended August 2024 compared with the previous three months. The largest positive contribution was made by the petroleum, chemical products, rubber and plastic products division (6,9% and contributing 1,4 percentage points).

The largest negative contributions were made by the following divisions:

·        motor vehicles, parts and accessories and other transport equipment (-3,5% and contributing -0,6 of a percentage point); and

·        basic iron and steel, non-ferrous metal products, metal products and machinery (-1,7% and contributing -0,4 of a percentage point).