FX.co ★ Georgia Industrial Output Growth Falls to Over 4-Year Low

In the first quarter of 2025, Georgia experienced a 2.4% increase in industrial production compared to the same period the previous year. This is a slowdown from the revised 4.8% growth observed in the last quarter and represents the most sluggish expansion in industrial operations since the third quarter of 2020. Key factors contributing to this deceleration include a reduction in manufacturing output, which fell by 0.2% compared to a 2% increase in Q4, and a contraction in the supply of electricity, gas, steam, and air-conditioning, which declined by 4.1% following a 1.4% rise previously. Furthermore, growth in water supply, sewerage, waste management, and remediation activities also decreased, registering a 6.6% increase after a 16.6% rise in the preceding quarter. In contrast, the mining and quarrying sector experienced a substantial boost, with production surging by 48.9%, up from 41.2%. On a quarter-on-quarter basis, industrial activity contracted by 6.5%, building on a prior 7.5% decline.