Industrial turnover increases by 0.6%

Over the corresponding quarter last year, working day adjusted industrial turnover increased by 2.6%.

When comparing the first two quarters this year, seasonally adjusted industrial turnover edged up by 0.6%. The growth in industrial turnover was the result of an increase in all main industrial components, which increased by 3.0% or more. Durable consumer goods fell by 13.0%.

Seasonally adjusted employment remained stable at 73.2 points, with developments in main industrial groupings offsetting one another. Energy and capital goods declined by 3.8% and 0.8%, but were counteracted by increases in intermediate and consumer goods of 0.3% and 0.6% respectively. Additionally, wages and salaries decreased by 1.9% from 97.8 points in the first quarter of 2012 to 95.9 points in the subsequent period.

When compared to the corresponding quarter last year, working day adjusted turnover increased by 2.6%. Capital and consumer goods advanced by 10.9% and 9.8% respectively.

Total turnover was partially offset by downturn movements in energy and intermediate goods of 5.4 and 0.6% respectively.

Year-on-year unadjusted data for employment decreased by 1.2%. All main industrial groupings registered declines, with the exception of consumer goods which edged up by 1.8%, to 72.9 points.

Industrial hours adjusted for calendar movements decreased by 1.1%. All industrial groupings contributed towards the decline, with the exception of consumer goods, which increased by 4.6%.