In the second quarter this year, provisional data indicate that industrial turnover and manufacturing new orders rose by 25.9 and 32.8 per cent respectively over the corresponding quarter of 2009.

Industrial turnover

Total industrial turnover advanced by 25.9 per cent to 117.0 points in the second quarter of 2010. Intermediate goods, comprising 44.0 per cent of total industrial turnover, rose by 28.7 per cent. Turnover for energy and capital goods increased by 45.3 and 27.8 per cent respectively; while consumer goods rose by 2.6 per cent, on account of a rise of 3.1 per cent in non-durable consumer goods, whereas durable consumer goods fell by 6.7 per cent.

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

Manufacturing new orders

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

Domestic manufacturing new orders fell by 10.5 per cent mainly on account of a 3.4 per cent decline in intermediate goods, while non-domestic new orders rose by 37.6 per cent. Industrial employment, wages and salaries and hours worked

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

Gross wages and salaries rose by 1.9 per cent 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 per cent respectively. On the other hand, gross wages and salaries in the energy and capital goods sectors fell by 6.9 and 2.7 per cent respectively. Hours worked declined by 3.8 per cent mainly due to a 10.0 per cent drop in the energy sector.

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