Compared to the previous month, factory output fell by 0.7% (seasonally adjusted) (compared to a 0.6% rebound in July), FIEL said.
The industry recorded a year-on-year contraction of 10.8% in August, and was also unable to maintain the monthly rebound of July, according to the Industrial Production Index (IPI) of FIEL.
Compared to the previous month, factory production recorded a seasonally adjusted decline of 0.7% (compared to a 0.6% rebound in July)added FIEL.
As anticipated last month, in August 2023 The level of aggregate industrial activity was close to the 2013 record, setting a challenging mark for activity in the eighth month of 2024 for various sectors of activity in a context of heterogeneous production performance, FIEL indicated.
In the month, the automotive sector showed a new decline, part of which is explained by the fact that the production level in 2023 was the highest in ten years for an August. Despite the drop in production, exports interrupted the contraction of the previous semester, wholesale sales chained two months of year-on-year growth and registrations had the first increase since last November compared to the previous year, resulting at the same time in the best August in sales since 2019.
In development
Source: Ambito
