site.btaIndustrial Production Falls 4.8% Year on Year in May

Industrial production fell 0.2% month on month and 4.8% year on year in May 2026, National Statistical Institute data showed on Friday.

NSI data show that in April the index fell by 4.6% month on month and by 4.1% year on year.

Monthly Changes

In May 2026, compared with April 2026, output fell by 0.8% in manufacturing. It increased by 9.2% in electricity, gas, steam and air-conditioning supply and by 1.7% in mining and quarrying. The more substantial declines in manufacturing were recorded in the manufacture of textiles, except apparel, down 8.8%; printing and reproduction of recorded media, down 7.5%; and the manufacture of chemicals and chemical products, down 6.9%.

Manufacturing output increased by 7.2% in the manufacture of electrical equipment, by 6.8% in the manufacture of wood and wood products, except furniture, and by 6.5% in the manufacture of other transport equipment.

Annual Changes

On an annual basis, calendar-adjusted industrial production fell by 33% in mining and quarrying and by 3.9% in manufacturing, while output in electricity, gas, steam and air-conditioning supply increased by 8.8%. Within manufacturing, substantial year-on-year declines were recorded in the manufacture of fabricated metal products, except machinery and equipment, down 32.1%; the tanning and dressing of leather and the manufacture of footwear and other leather products, excluding fur, down 31.8%; and the manufacture of motor vehicles, trailers and semi-trailers, down 23.7%.

Output increased by 23.8% in the manufacture of electrical equipment and by 15.7% in the manufacture of basic pharmaceutical products and pharmaceutical preparations.