Industrial production is rising sharply
00:41
Sold production of industrial enterprises increased by 15.2 percent y/y in November 2021, the Central Statistical Office (GUS) reported. In monthly terms, it increased by 5.3 percent.
In all major industrial groupings, November saw an increase in production on an annual basis. The production of energy-related goods increased the most – by 31.3 percent, and intermediate goods – by 17 percent. The production of durable consumer goods increased to a lesser extent – by 9.7 percent, capital goods – by 9.5 percent, and non-durable consumer goods – by 8.3 percent.
In the period of January-November 2021, sold industrial production was by 15 percent higher compared to the same period last year, when a decrease of 2.1 percent was recorded – GUS also reported.
Released data on a significant increase in industrial production provoked spontaneous reactions from analysts, indicating that the result of production is "sensational". According to some experts, this may not be a reason for enthusiasm, but an indicator of "overheating" in the industry. Some said companies were frantically refilling their inventories.
