Overview

• Eighty-seven percent of manufacturers reported higher or steady production in July–September, up from 77% in the prior quarter.
• Eighty-three percent expect higher orders in the coming months, with average capacity utilisation at about 75%.
• Over half of firms plan new investments or capacity expansions within six months, and 57% expect to add workers next quarter.
• More than half report year-on-year increases in production costs due to pricier raw materials, energy, labour and logistics.
• Over 70% foresee exports at or above last year’s levels, though respondents flag tariffs, geopolitical risks and skilled-labour gaps.