Page 15 - GEORptJul19

4.0 Real Economy 4.1 Industrial production
Industrial production accelerates 9% y/y in 1Q19
Georgia’s industrial production increased 9% y/y in the first quarter of 2019, expanding from a 7% y/y and 3.5% y/y rise in the fourth quarter and third quarter of 2018, respectively, according to the National Statistics Office of Georgia.
Production expanded faster for both manufacturing (6.4%% in 4Q18 from 0.4% in 3Q) and water supply sewerage, waste management and remediation activities (8.7% in 4Q18 from 5.1% in 3Q. Meanwhile, electricity, gas, steam and air conditioning supply output rose at a slower rate (11% in 4Q18 from 14.4% in 3Q). Conversely, output for mining and quarrying shrank (-3.5% in 4Q18 from 5.2% in 3Q).
Industrial production y/y in Georgia averaged 12.7% from 2000 to 2019.
15 GEORGIA Country Report July 2019 www.intellinews.com