Industrial Production Index Decreased by 5.73% in May 2023

Industrial Production Index Decreased by 5.73% in May 2023

The monthly report issued by the Department of Statistics indicates a decrease in the Industrial Production Index for May 2023 by 5.73% compared to the same month of 2022, While the Industrial Production Index increased by 3.29% in May 2023 compared to April 2023. As for the accumulative level, the Industrial Production Index for the first five months of 2023 decreased by 3.43% compared to the same period in 2022.

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