Key findings: P3041.2 - Manufacturing: Production and sales, January 2020

Manufacturing production decreased by 2,0% in January 2020 compared with January 2019. The largest negative contributions were made by the following divisions:

·         wood and wood products, paper, publishing and printing (-6,7% and contributing -0,7 of a percentage point);

·         motor vehicles, parts and accessories and other transport equipment (-5,6% and contributing -0,4 of a percentage point);

·         textiles, clothing, leather and footwear (-10,3% and contributing -0,2 of a percentage point);

·         basic iron and steel, non-ferrous metal products, metal products and machinery (-1,3% and contributing -0,2 of a percentage point); and

·         petroleum, chemical products, rubber and plastic products (-0,7% and contributing -0,2 of a percentage point).

 

Seasonally adjusted manufacturing production increased by 2,5% in January 2020 compared with December 2019. This followed month-on-month changes of -3,0% in December 2019 and -1,8% in November 2019.

 

Seasonally adjusted manufacturing production decreased by 1,8% in the three months ended January 2020 compared with the previous three months. Eight of the ten manufacturing divisions reported negative growth rates over this period.

The largest negative contributions were made by the following divisions:

·         motor vehicles, parts and accessories and other transport equipment (-12,5% and contributing -1,0 percentage point); and

·         wood and wood products, paper, publishing and printing (-4,2% and contributing -0,4 of a percentage point).

 

The largest positive contribution was made by the petroleum, chemical products, rubber and plastic products division (1,4% and contributing 0,3 of a percentage point).