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Industrial production was by 1.6% larger as a gross series and by 0.4% larger as adjusted series, depending on working days and seasonality, in the first 11 months of 2016, against the similar period in 2015, according to a the National Statistics Institute (INS) release issued on Thursday.
The mining industry fell by 16.5%, whereas the production and supply of electricity and heat, gas, steam and air conditioning decreased by 2.0%.
Industrial output, as adjusted series, based on number of working days and seasonally adjusted series, increased by 0.4%, as a consequence of the manufacturing industry growth (+3.4 pct).
In November 2016, industrial production outpaced the previous month, both as a gross series and as adjusted series, depending on the number of working days and seasonality by 1.5%, respectively by 0.6%. As compared to the corresponding month of the previous year, production grew by 5.3% as gross series and by 1.5% as seasonally adjusted series.
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