Quarterly Index of Industrial Production for 4 Quarter 2022

In the fourth quarter of 2022, the overall index of industrial production increased by 13.6% compared to the previous quarter and by 11.7% when compared to the corresponding quarter of 2021.

The index for the year 2022, worked out as the average of quarterly indices grew by 10.3%. This is explained by expansions in “Mining and quarrying” (+8.8%), “Manufacturing” (+10.4%), “Electricity, gas, steam and air conditioning supply” (+5.8%) and “Water supply; sewerage, waste management and remediation activities” (+3.9%).

Real output of EOE sector contracted by 4.5% in the fourth quarter of 2022 compared to the previous quarter and expanded by 12.0% compared to the corresponding quarter of 2021. In year 2022, the EOE sector expanded by 11.8% .