Industrial production up 4.3% y-o-y in first two months of 2025

Industrial production was up by 4.3% in the first two months of this year on an annual basis, according to Cystat.

In particular, in February 2025, the Industrial Production Index reached 108.5 units (base 2021=100), recording an increase of 4.1% compared to February 2024. For the period January – February 2025, the index recorded an increase of 4.3% compared to the corresponding period of the previous year.

The official data show that the manufacturing sector registered an increase of 2.4% compared to February 2024. An increase was also observed in the sectors of electricity supply (+14.2%), mining and quarrying (+8.1%) and water supply and materials recovery (+3.8%).

In the manufacturing sector, the most significant positive changes compared to February 2024 were observed in the manufacturing of wood and products of wood and cork, except furniture (+8.1%), electronic and optical products and electrical equipment (+7.2%), other non-metallic mineral products (+5.1%) and food products, beverages and tobacco products (+4.3%).

CyStat notes that the only negative changes were observed in the manufacturing of paper and paper products and printing (-10.9%) and furniture and repair/installation of machinery and equipment (-2.3%).

Comparing the rates of change for the period January – February 2025 against the corresponding period of the previous year, the most significant positive changes were observed in water collection, treatment and supply (+14.3%), the manufacturing of other non-metallic mineral products (+13.6%), mining and quarrying (+12.3%) and the manufacturing of electronic and optical products and electrical equipment (+12.3%).

It says that the only activities where negative changes in production were registered were those relating to the manufacturing of paper and paper products and printing (-10.7%), materials recovery (-2.6%), the manufacturing of furniture and repair/installation of machinery and equipment (-2.1%) and the manufacture of refined petroleum products, chemicals and chemical products and pharmaceutical products and preparations (-0.7%).