Economic Activity and Foreign Trade in April
According to Statistical Office data, total industrial production declined by 2.2% year-on-year in April. Broken down by sector, manufacturing gained 0.1% year-on-year, mining stagnated, and the sector of electricity, gas and steam supply contracted by 11.7%.
Seasonally-adjusted, industrial production rose by 1.1% from the previous month, with manufacturing up by 0.7%. Within manufacturing, the main boost to total industry came from the production of coke and petroleum products and the production of base metals. The main negative contribution was made by the production of other means of transport and the production of food and beverages.
Retail trade was up 3.5% in real terms year-on-year.
Judging by seasonally-adjusted data of the Statistical Office, April saw a 0.5% rise in exports and a 2.1% drop in imports. Year-on-year, euro-denominated commodity exports and imports were rose 1.3% and 2.1% respectively.