In the first quarter of 2017 seasonally adjusted industrial turnover decreased by 0.2 per cent over the previous quarter, the National Statistics Office said. Working-day adjusted industrial turnover increased by 0.4 per cent, when compared to last year.

The NSO said that a decline in turnover was registered in the energy (1.9 per cent) and the consumer goods (1.1 per cent) sectors.

It was mitigated by an increase in turnover in the capital goods (2.6 per cent) and the intermediate goods (0.6 per cent) sectors.

The NSO also noted that seasonally adjusted industrial employment increased by 0.9 per cent. Hours worked adjusted for seasonal effects during this period increased by 1.0 per cent whereas the seasonally adjusted wages and salaries decreased by 1.0 per cent.

Working-day adjusted industrial turnover increased by 0.4 per cent, when compared to Q1 of 2016. The NSO said that this was mainly due to increases across all the main industrial groupings, except for the consumer goods sector.

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