Thus, with the progress of 2022, industrial production growth chains two years in a row It is compared to the 7.1% recovery recorded in 2021 and the 9.2% collapse it experienced in 2020 due to the Covid epidemic.
except 2021, The 2.4% increase in industrial sector production in 2022 was the highest increase since 2017when it increases by an average of 2.9%.
All sectors increased their production except for intermediate goods, which decreased by 1.9% in 2022. The most significant increases were in capital goods (+5.8%) and energy (+4.1%), followed by non-durable consumer goods (+3.5%) and durable consumption (+2.7%).
Seasonally and calendar adjusted industrial production increased by 2.9% in 2022, while there was an increase (-1.6%) in all sectors except intermediate goods. The biggest increase was recorded in capital goods, where production increased by an average of 6.5% in 2022.
Industrial production in the last month of 2022 decreased by 3.4% compared to December of the previous yearthus, it recorded its second consecutive annual decline and recorded the most significant drop since February 2021, when it fell 3.6%.
On a monthly basis (December 2022 compared to November of the same year) and adjusted series, industrial production increased by 0.8% after falling for three consecutive months. Biggest monthly recovery since June 2022 in December 2022, when industrial sector output increased by 1.1%.