The Movement of Industrial Production Indices in 2017: The Same Trends Persist

Abstract

In early 2017, the movement of indices in the majority of industries continued to display the trend observed in late 2016 – that of a low positive growth rate. At mid-year, there was a slowdown in the production growth pattern and its downward slide towards stagnation. Over H2, the trend component in the extractive industry pointed to a decline in Q3. The movement of the trend components across several sectors of the manufacturing industry demonstrated some growth, which was still insufficient to push manufacturing production, overall, upwards from its zero growth rate.