Industrial production was better than expected in March, recording almost unchanged performance compared to the previous month, after growing by 4% in February.
Analysts had expected a 1.9% drop in March.
On an annual adjusted basis, industrial production increased by 3%, following the annual increase of 3.4% a month ago.
However, in the first quarter of the year, production was lower by 0.9% compared to the last quarter of 2021.
In March, there was an increase on a monthly basis for the production of consumer goods, investment goods and energy products, while that of intermediate goods declined.
The third largest economy shrank by 0.2% in the first quarter due to the coronavirus at the beginning of the year, following the uncertainty and high prices of raw materials brought by the war in Ukraine.
Source: Capital
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