The manufacturing sector, excluding oil refining, has seen an increase in its production index, rising by 5.8% in the second quarter of 2024 compared to the same time last year. This growth is fueled by substantial gains in several key industries:
– The chemical industry production index surged by 18.8%.
– The automotive industry witnessed an impressive 22.7% rise.
– The manufacture of tobacco products increased by 25.8%.
– The production index for IT, electronic, and optical products grew by 25.9%.
Further contributing to this upward trend are notable increases in:
– A 3.2% rise in the manufacture of other non-metallic mineral products.
– An 8.9% increase in the metallurgy sector.
– A 7% growth in rubber and plastic product manufacturing.
Conversely, several industries faced declines, including:
– Food industries, which dropped by 6.9%.
– Beverage manufacturing saw a significant decline of 13.4%.
– The clothing industry fell by 6.3%.
– The manufacture of metal products, excluding machinery and equipment, decreased by 6.9%.
– Electrical equipment manufacturing dropped by 10.7%.
– The textiles sector experienced an 8.8% decline.
In the extractive industries, the production index jumped by 29%, driven by a 30.4% increase in miscellaneous extractive industry products, along with a 0.6% rise in metal ores. However, the production index for electrical energy decreased by 6.6%, signaling challenges in that area.
