Industrial Output Prices drop 3% y-o-y in July

12:02 - 01 September 2023

Economy

The Index of Industrial Output Prices for July 2023 reached 137.3 units (base 2015=100), recording a decrease of 3% over the same month last year, according to Cystat.

Compared to the corresponding month of the previous year, an increase was recorded in the sectors of mining and quarrying (6.7%) and manufacturing (4.4%), while there was a decline in the sectors of electricity supply by 17% and water supply and materials recovery by 7.6%.

By economic activity in manufacturing, in July 2023 compared to the corresponding month of the previous year, increases were recorded in the manufacture of other non-metallic mineral products (8.6%), the manufacture of food products and beverages (7.1%), the manufacture of furniture, other manufacturing and repair and installation of machinery and equipment (5.2%), the manufacture of electronic and optical products and electrical equipment (2.9%) and the manufacture of paper and paper products and printing (2.3%), while a decrease was recorded in the manufacture of basic metals and fabricated metal products (-6%).

Compared to June 2023, the index recorded a decrease of 1% in July 2023. The index remained stable in the sector of mining and quarrying, while it showed a rise in the sector of manufacturing by 0.1%. In the sectors of electricity supply and water supply and materials recovery the index recorded a decrease of 3.6% and 1.1% respectively.

For the period January-July 2023, the index showed an increase of 9.3% compared to the corresponding period of 2022.

Industrial Output Prices drop 3% y-o-y in July

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