Page 14 - bne IntelliNews Georgia country report November 2017

put unprecedented pressure on households' purchasing power.
4.0 Real Economy 4.1 Industrial production
Industrial production surges 22.6% y/y in 1Q17
Georgia’s industrial production climbed 17.5% in the second quarter of 2017, compared to a 22.6% growth in the previous period, according to the National Statistics Office of Georgia.
Output slowed for manufacturing (19.7% in 2Q17 from 22.7% in 1Q17); electricity, gas and water supply (20.8% in 2Q17 from 25.9% in 1Q17), and water supply sewerage, waste management and remediation activities (3.5% in 2Q17 from 7.2% in 1Q17). Meanwhile, production fell for mining and quarrying (-4.8% in 2Q17 from 11.1% in 1Q17).
Industrial production y/y in Georgia averaged 12.6% from 2000 to 2017.
14 GEORGIA Country Report November 2017 www.intellinews.com