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4.0 Real Economy 4.1 Industrial production
Industrial production rises 13.5% y/y in 1Q18
Georgia’s industrial production increased 13.5% in the first quarter of 2018, easing from a 20.6% growth in the previous period, according to the National Statistics Office of Georgia.
Production increased at a slower pace for manufacturing (16.7% in 1Q18 from 24.8% in 4Q17); mining and quarrying (12.9% in 1Q18 from 29.1% in 4Q) and electricity, gas, steam and air conditioning supply (7.5% in 1Q18 from 9.8% in 4Q). Meanwhile, production increased faster for water supply sewerage, waste management and remediation activities (14.9% in 1Q18 from 4% in 4Q).
Industrial production y/y in Georgia averaged 13.2% from 2000 to 2017.
4.2 Inflation
15 GEORGIA Country Report August 2018 www.intellinews.com
