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 quarter 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%).
