Industrial turnover, manufacturing new orders rise by 25.9%, 32.8% in Q2 2010

Total industrial turnover advanced by 25.9% to 117.0 points in the second quarter of 2010. Intermediate goods, comprising 44.0% of total industrial turnover, rose by 28.7%.

Turnover for energy and capital goods increased by 45.3 and 27.8% respectively; while consumer goods rose by 2.6%, on account of a rise of 3.1% in non-durable consumer goods, whereas durable consumer goods fell by 6.7%.

Domestic industrial turnover for the period under review increased by 21.6% on account of a 45.3% rise in energy. Non-domestic industrial turnover rose by 30.5% mainly on account of 39.5 and 14.6% increases in turnover for intermediate and consumer goods respectively.

Year-on-year data revealed that new orders for manufacturing industries rose by 32.8% when compared to the second quarter of 2009. This rise was attributable to an increase of 33.3% for new orders in respect of intermediate goods. Similarly, new orders for capital goods rose by 40.7%, while consumer goods added 26.3%, on account of a 27.2% rise in new orders for non-durable consumer goods.

Domestic manufacturing new orders fell by 10.5% mainly on account of a 3.4% decline in intermediate goods, while non-domestic new orders rose by 37.6%.

During the period under review, industrial employment declined by 3.3% on account of a 4.1 and 1.7% drop in intermediate and consumer goods respectively. Employment in energy also declined by 4.4% on account of a transfer of employees to another enterprise not classified within the industrial sector.

Gross wages and salaries rose by 1.9% when compared to the corresponding quarter of 2009. This was reflected in an increase in gross wages and salaries in the intermediate and consumer goods sectors of 7.5 and 3.6% respectively. On the other hand, gross wages and salaries in the energy and capital goods sectors fell by 6.9 and 2.7% respectively.

Hours worked declined by 3.8% mainly due to a 10.0% drop in the energy sector.