The industrial production went up in July by 7.4 percent on gross series and by 8.2 percent as adjusted series according to the number of working days and season, says the National Institute of Statistics (INS).

In July, the industrial production (on gross series) dropped compared with the previous month by 3 percent due to the decreases registered in the manufacturing industry (-3.4 percent) and in the extractive industry (-2.5 percent). The production and supply of electric and thermal energy, gas, hot water and air conditioning increased by 3.2 percent.

The industrial production on adjusted series according to the number of working days and seasons, was lower than the previous month by 1.5 percent. The extractive industry and production and supply of electric and thermic energy, gases, hot water and air conditioning dropped by 5.2 percent, respectively by 2.1 percent, while the manufacturing industry increased by 0.3 percent.

The INS data shows that the industrial production increased by 7.4 percent compared with the same month of 2016, supported by the growths in manufacturing industry (8.1 percent) and extractive industry (5.4 percent).

During January 1-July 31, compared with the same period of 2016, the industrial production on gross series was higher by 8 percent due to the increases in the three industrial sectors: manufacturing industry (8.6 percent), extractive industry (3.3 percent) and production and supply of electric and thermic energy, gas, hot water and air conditioning (2.2 percent).