Overview
- Industrial production excluding energy and construction rose 1.5% from September on a seasonally and calendar‑adjusted basis.
- Construction (+3.3%), machinery (+2.8%) and electronics (+3.9%) advanced, while automotive output fell 1.3%.
- On a three‑month basis (Aug–Oct vs May–Jul), total output declined 1.5% and core industry dropped 1.9%.
- Compared with a year earlier, overall production was up 0.8% and core industry edged down 0.1%; energy‑intensive sectors rose 0.6% month on month and were 0.1% lower year on year.
- September’s gain was revised to 1.1% from 1.3%, and the economics ministry flagged weak foreign demand and Chinese export restrictions with no clear rebound expected before year‑end.