- Monthly production output fell by 0.6% between January 2022 and February 2022, reaching a level that was 1.9% below February 2020 (the last month of “normal” trading conditions prior to the coronavirus (COVID-19) pandemic).
- The monthly fall in output resulted from weakness in all four production sectors, with manufacturing falling by 0.4%, mining and quarrying by 3.2%, electricity and gas by 0.6%, and water supply and sewerage by 0.4%.
- Manufacturing saw 7 of the 13 sub-sectors negatively contribute to growth during February; most notably, manufacturing of transport equipment fell by 5.4% and manufacturing of chemicals and chemical products fell by 5.0%.
- Manufacturing’s negative growth was partially offset by manufacturing of basic pharmaceutical products and manufacturing of basic metals and metal products, which rose by 9.8% and 3.2%, respectively.
- Output remained below the February 2020 pre-coronavirus pandemic levels in three of the four production sectors; monthly manufacturing output remained 0.7% below, mining and quarrying was 18.6% below, and electricity and gas was 6.6% below, while water supply and sewerage was 7.2% above.
- For the three months to February 2022, production output increased by 1.0% compared with the three months to November 2021; rises of 1.7% in manufacturing, 1.7% in water supply and sewerage, and 0.1% in electricity and gas were partially offset by a fall of 6.6% in mining and quarrying.
- Manufacture of basic metals and metal products rose by 4.7%, mainly because of strength from the fabricated metal products excluding weapons and ammunition industry; this was the most notable increase in manufacturing for the three months to February 2022 compared with the three months to November 2021.
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