Manufacturing tops GDP growth
Manufacturing continued to lead the growth of GDP with its
7.5 percent year-on-year growth.
Among the industries under Manufacturing, Food manufactures, which grew by
9.8 percent, was the biggest contributor to the growth of the industry with 3.6 percentage points. Other contributors to the growth were: Basic metal industries, with 58.6 percent growth; Petroleum and other fuel products, with 30.0 percent growth; Transport equipment, with 32.1 percent; and Electrical machinery and apparatus, with 17.5 percent.
On the other hand, the following industries posted declines and pulled down the growth of the sector: Textile manufactures, which declined by
36.8 percent; Publishing and printing, by 14.9 percent; Tobacco manufactures, by 10.9 percent; Paper and paper products, by 1.7 percent; and Machinery and equipment except electrical, by 0.4 percent.