Manufacturing output remained unchanged month-on-month in October; over the first ten months of the year, it was 1.1% lower year-on-year. Following growth in the third quarter, output increased month-on-month in October in high-technology and medium-low-technology industries. By contrast, output in medium-high-technology and low-technology industries declined or remained unchanged (seasonally adjusted). In the first ten months of the year, manufacturing production was down 1.1% year-on-year (working-day adjusted). Output in both high-technology industries exceeded last year’s levels, as did output in several less technology-intensive industries (manufacture of food products, manufacture of textiles, wood industry, and other manufacturing). Among medium-high-technology industries, only output in the energy-intensive chemical industry was slightly higher year-on-year. The largest year-on-year decline in the first ten months of the year (in addition to the leather industry) was recorded in the manufacture of other transport equipment (by around one tenth), although production in recent months has nonetheless exceeded year-earlier levels, and in the manufacture of fabricated metal products (by 6%).
In October, expectations regarding future production in manufacturing continued to improve, while the volume of new orders remained subdued.