Industrial turnover in second quarter down by 3.9% – NSO

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Industrial turnover in second quarter down by 3.9% - NSOProvisional seasonally adjusted industrial turnover in the second quarter of 2016 decreased by 3.8 per cent over the previous quarter, according to data from the National Statistics Office today.

It said that this was due to decreases in all the main industrial groupings, with the exception of the energy sector which rose by 4.1 per cent.

Compared to the corresponding period last year, working-day adjusted industrial turnover decreased by 6.8 per cent.

Seasonally adjusted industrial employment decreased by 0.1 per cent. During this period, hours worked adjusted for seasonal effects decreased by 1.7 per cent, whereas seasonally adjusted wages and salaries decreased by 1.6 per cent.

When compared to the corresponding quarter of 2015, working-day adjusted turnover decreased by 6.8 per cent. This was due to decreases in all the main industrial groupings.

Year-on-year unadjusted industrial employment decreased by 2.0 per cent. Working-day adjusted hours worked went down by 3.1 per cent while working- day adjusted wages and salaries decreased by 2.0 per cent.

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