When adjusted to the number of working days and seasonality, industrial production dropped by 6.5% against May 2023 in May 2024.
Industrial production was lower in May against April as well, both in unadjusted data (-8.8%) and when adjusted to the number of working days and seasonality (6.3%).
In unadjusted data, industrial output dropped in May from April because of declines in the processing industry (-9.8%) and production and supply of electricity, steam, gas and air conditioning (minus 5.3%).
The mining industry posted a 0.7% advance.
Overall, in the first five months of this year, industrial production was 1.7% lower, in unadjusted data, than in the same period of 2023, amid contractions in all the three industrial sectors: production and supply of electricity, gas, steam and air conditioning (-6.5%), processing industry (-1.0%) and mining industry (-0.7%).
When adjusted to the number of working days and seasonality, industrial output was 1.2% smaller in the January-May 2024 period against the year-earlier period in the wake of decreases in the production and supply of electricity, steam, gas and air conditioning (-7.1%), mining industry (-0.7%) and processing industry (-0.5%).
(English version by Catalina Apostoiu)