Page 17 - GEORptOct19

4.0​ Real Economy 4.1​ Industrial production
Industrial production rises 2.9% y/y in 2Q19
Georgia’s industrial production increased 2.9% y/y in the second quarter of 2019, easing from a 5.4% y/y and 7% y/y in the first quarter of 2019 and fourth quarter of 2018, respectively,​ according to the National Statistics Office of Georgia.
Production expanded at a slower pace for manufacturing ( 3.1% in 2Q19 from 6.1 in 1Q19) and electricity, gas, steam and air conditioning supply (2.7% in 2Q from 6.4% in 1Q). Meanwhile, mining and quarrying production shrank less (-3.5% in 2Q from -4.4%). Conversely, water supply sewerage, waste management and remediation activities rose at a faster rate (13.9% in 2Q19 from 5.3% in 1Q).
Industrial production y/y in Georgia averaged 12.5% from 2000 to 2019.
17​ GEORGIA Country Report​ October 2019 ​ ​www.intellinews.com