Page 14 - GEORptMar19

4.0 Real Economy 4.1 Industrial production
Industrial production rises 3.5% y/y in 3Q18
Georgia’s industrial production increased 3.5% y/y in the third quarter of 2018, slowing from a 16.2% y/y in the previous quarter, according to the National Statistics Office of Georgia.
It was the weakest growth rate since the first quarter of 2015 as production expanded slowly for all sectors: for mining and quarrying (5.2% in 3Q18 from 30.5% in 2Q); electricity, gas, steam and air conditioning supply (14.4% in 3Q18 from 16.6% in 2Q); manufacturing (0.4% in 3Q18 from 15.1% in 2Q) and water supply sewerage, waste management and remediation activities (5.1% in 3Q18 from 11.9% in 2Q).
Industrial production y/y in Georgia averaged 13.0% from 2000 to 2018.
4.2 Inflation
14 GEORGIA Country Report March 2019 www.intellinews.com