MAT: Economic Activity Growing
After the year-on-year stagnation in January, the production in the manufacturing industry increased in February, so a modest year-on-year growth was realized in the first two months.
The overall industrial production has a higher year-on-year growth than the manufacturing industry thanks to the very high growth of the production in the electrical energy system.
The total industrial production was higher year-on-year in February 2021 by 2.6%, and the increase in the January-February period is the same.
The main factor in this growth is the production in the electrical energy system, with a year-on-year growth in February by 10.2% and 11% in the first two months.
At the same time, the production in mining dropped by 1.5% (3% in February).
The production in the manufacturing industry dropped year-on-year in January by 0.1% (corrected percentage) and increased by 1.4% in February, whereas the overall growth in the first two months together amounts to 0.7%.
Observing the current tendencies, four fields from the group of the ten biggest ones when it comes to the share are recording a pronounced upward trend, which exceeded last year’s average this February.
These are the food industry, the production of electrical equipment, the oil industry and the manufacture of products from non-metal minerals.
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