Estimates of the Quick Industrial Production Index (IIP) are published on the 12th of each month (or previous business day) with a delay of six weeks and are compiled with data received from source agencies, which in turn receive the data of factories / producing establishments.

The country’s industrial production contracted by 16.7% in March, mainly due to the poor performance of the mining, manufacturing and electrical sectors due to the national closure, as production was increased 4.5% in February.

According to data from the National Statistics Office (NSO), production in the manufacturing sector fell 20.6% in March, compared with growth of 3.1% in the same month last year.

Electricity production fell 6.8% compared with growth of 2.2% in March 2019.

Production in the mining sector remained stable compared to the previous growth of 0.8%. The IIP fell 0.7% in the past year, compared to 3.8% in 2018-2019.

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