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Industrial turnover increased slightly in Q2 of 2013 – NSO

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Industrial turnover increased slightly in Q2 of 2013 - NSOProvisional seasonally adjusted data indicate that in the second quarter industrial turnover increased by 0.1 per cent over the previous quarter, the National Statistics Office said today.

Over the corresponding quarter last year, working day adjusted industrial turnover increased by 3.1 per cent.

When comparing the first two quarters of 2013, total seasonally adjusted turnover increased slightly by 0.1 per cent. The growth in industrial turnover was the result of increases in capital goods, consumer goods and energy, of 7.1, 0.5 and 4.8 per cent respectively. These were mitigated by a decrease of 0.9 per cent in intermediate goods.

Seasonally adjusted employment edged up by 0.1 per cent to 72.9 points. Energy, capital and consumer goods declined by 0.9, 0.5 and 0.4 per cent respectively, but were partly offset by an increase of 0.5 per cent in intermediate goods.

Furthermore, wages and salaries increased by 0.3 per cent from 97.7 points in the ? rst quarter of 2013, to 98.0 points in the subsequent period. During the period under review, hours worked adjusted for seasonality decreased by 0.7 per cent.

Compared to the previous year’s second quarter, working day adjusted turnover increased by 3.1 per cent due to positive movements in all main industrial groupings.

Year-on-year data for employment decreased by 0.4 per cent. Most of the main industrial groupings registered declines, with the exception of intermediate goods which increased by 1.7 per cent, to 77.9 points.

Industrial wages adjusted for calendar movements increased by 2.0 per cent, while hours worked decreased marginally by 0.3 per cent.

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