Factory production grew 4.8% in January

The growth rates of the three sectors – Mining, Manufacturing and Electricity – for the month of January 2026 are 4.3 percent, 4.8 percent and 5.1 percent respectively.

Within the manufacturing sector, 14 of the 23 industrial groups at the NIC level recorded double-digit positive growth in January 2026 compared to January 2025. The three largest positive contributors for the month of January 2026 are: “Manufacture of base metals” (13.2 percent), “Manufacture of motor vehicles, trailers and semi-trailers” (10.9 percent) and “Manufacture of other non-metallic mineral products” (9.9 percent).

In the industry group “Manufacture of base metals”, the article groups “Flat alloy steel products”, “MS plates” and “HR coils and mild steel plates” made a significant contribution to growth.

In the industry group “Manufacture of motor vehicles, trailers and semi-trailers”, the article groups “Auto parts/parts and accessories”, “Commercial vehicles” and “Buse and minibus bodies/chassis” made a significant contribution to growth.

In the industry group “Manufacture of other non-metallic mineral products”, the article groups “Cement – ​​​​all types”, “Cement clinkers” and “Stone chips” showed a significant contribution to growth.

The corresponding growth rates of IIP, under the usage-based classification in January 2026 compared to January 2025, are 3.1 percent in primary goods, 4.3 percent in capital goods, 6.0 percent in intermediate goods, 13.7 percent in infrastructure/construction goods, 6.3 percent in consumer durables and (-)2.7 percent in consumer non-durables.

Based on a usage-based ranking, the top three positive contributors to IIP growth for the month of January 2026 are infrastructure/construction goods, intermediate goods and primary goods.