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{Document] Quarterly Index of Industrial Production for first quarter 2024

In the first quarter of 2024, the overall index of industrial production declined by 18.3% compared to the previous quarter and grew by 3.6% when compared to the corresponding quarter of 2023.

Growth rate​ (%) first q​uarter 2024 ​
Over corresponding quarter 2023 Over previous quarter
Mining and quarrying +13.6 0.0
Manufacturing +2.8 -21.9
Electricity, gas, steam & air conditioning supply +5.6 +9.1
Water supply; sewerage, waste management and remediation activities +3.8 +0.7
Industrial Sector +3.6 -18.3​

The index for the year ending first quarter 2024, which is the average of quarterly indices for the period under review, increased by 2.8%. This is explained by expansions in “Electricity, gas, steam and air conditioning supply » (+5.5%), “Manufacturing » (+2.7%), and “Water supply; sewerage, waste management and remediation activities » (+2.7%).

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