Provisional seasonally adjusted turnover in the fourth quarter of 2015 increased by 0.9 per cent over the previous quarter. Over the corresponding quarter of 2014, working day adjusted industrial turnover in 2015 decreased by 1.8 per cent, the National Statistics Office said today.

Seasonally adjusted industrial turnover for the fourth quarter of 2015 increased by 0.9 per cent to 98.4 points when compared to the third quarter of 2015. The growth in industrial turnover was due to increases in capital goods (4.3 per cent) and consumer goods (3.6 per cent). This increase was mitigated by a decrease in energy and intermediate goods by 6.1 and 0.5 per cent respectively.

Seasonally adjusted industrial employment during the quarter under review declined by 0.3 per cent from 96.2 to 95.9 points. During this period, hours worked adjusted for seasonal effects increased by 0.4 per cent, whereas there was no change in the seasonally adjusted wages and salaries.

When compared to the fourth quarter of 2014, working day adjusted turnover decreased by 1.8 per cent. This resulted mainly from decreases in turnover in energy (15.1 per cent) and intermediate goods (3.9 per cent). On the other hand, turnover in consumer goods and capital goods rose by 6.1 and 0.1 per cent respectively.

Year-on-year unadjusted industrial employment decreased by 1.9 per cent (Table 4). Working-day adjusted industrial hours worked increased by 0.1 per cent while wages and salaries increased by 1.4 per cent.

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