Industrial Output Prices fell by 0.6% in October 2024, compared with October last year, while for the January-October 2024 period prices fell by 2.0%, compared with the corresponding period in 2023, the Statistical Service said in a statement on Friday.

As reported, the Index of Industrial Output Prices for October 2024 reached 123,8 units (base 2021=100), recording an increase of 0.3% compared to September 2024.

In October 2024 compared to September 2024, the index showed an increase in the sectors of manufacturing by 0.4% and water supply and materials recovery also by 0.4%, while it showed a decrease in the mining and quarrying (-0.2%) and electricity supply (-0.1%) sectors.

Compared to the corresponding month of the previous year, an increase was recorded in the sectors of water supply and materials recovery (1.0%), manufacturing (0.8%) and mining and quarrying (0.6%) and a decrease in the electricity supply sector by 5.7%.

By division of economic activity in manufacturing, in October 2024 compared to the corresponding month of the previous year, increases were recorded in the manufacture of electronic and optical products and electrical equipment (6.5%), the manufacture of furniture, other manufacturing and repair and installation of machinery and equipment (5.4%), the manufacture of textiles, wearing apparel and leather products (3.8%), the manufacture of paper and paper products and printing (2.4%), the manufacture of refined petroleum products, chemicals and chemical products and pharmaceutical products and preparations (2.0%), the manufacture of machinery and equipment, motor vehicles and other transport equipment (1.9%) and the manufacture of food products, beverages and tobacco products (0.6%).

A decrease was recorded in the manufacture of basic metals and fabricated metal products (-2.7%), the manufacture of rubber and plastic products (-0.9%) and the manufacture of other non-metallic mineral products (-0.5%), the statement concludes.