Seasonally adjusted industrial turnover recorded during the third quarter of 2016 increased by 2.2 per cent over the previous quarter. When compared to the corresponding period last year, working-day adjusted industrial turnover increased by 0.4 per cent, the National Statistics Office said today.

The growth in industrial turnover was mainly due to increases in intermediate goods (5.7 per cent) and consumer goods (0.6 per cent). In contrast, capital goods and energy registered a decrease in turnover of 0.9 per cent and 0.6 per cent respectively.

Seasonally adjusted industrial employment decreased by 1.2 per cent. During this period, hours worked adjusted for seasonal effects decreased by 0.1 per cent, whereas seasonally adjusted wages and salaries increased by 1.7 per cent.

When compared to the corresponding quarter of 2015, working-day adjusted turnover increased by 0.4 per cent. Turnover increases registered in the capital goods (2.5 per cent) and intermediate goods (2.4 per cent) were mitigated by decreases in the energy (3.9 per cent) and consumer goods (0.6 per cent) groupings.

Year-on-year unadjusted industrial employment decreased by 2.4 per cent. Working-day adjusted industrial hours worked dropped by 1.5 per cent while working-day adjusted industrial wages and salaries declined by 0.1 per cent.

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