Provisional seasonally adjusted industrial turnover in the second quarter decreased by 2.6 per cent over the previous quarter. Over the corresponding quarter last year, working-day adjusted industrial turnover decreased by 11.1 per cent, the National Statistics Office said today.

Seasonally adjusted industrial turnover for the second quarter decreased by 2.6 per cent to 96.8 points when compared to the first quarter. While capital goods increased by 7.9 per cent, all the other main industrial groupings registered a decline, ranging from 3.5 per cent in intermediate goods to 6.9 per cent in non-durable consumer goods.

Seasonally adjusted industrial employment during the quarter under review remained stable when compared to the first quarter. Employment increases in consumer goods (+0.7 per cent) and capital goods (+0.2 per cent) were mitigated by a decrease in employment in intermediate goods (-1.5 per cent) and energy (-0.2 per cent).

During this period, hours worked adjusted for seasonal effects edged up by 0.5 per cent, whereas seasonally adjusted wages and salaries increased by 2.5 per cent, when compared to the previous quarter.

When compared to the second quarter last year, working-day adjusted industrial turnover decreased by 11.1 per cent, mainly due to a drop of 21.6 per cent in intermediate goods. However, this decline was partially mitigated by an increase of 28.0 per cent in capital goods.

Year-on-year data for unadjusted industrial employment went up by 0.2 per cent on account of an increase in capital goods (+0.7 per cent) and consumer goods (+0.4 per cent).

These increases were mitigated by a decline in employment in energy (-0.9 per cent) and intermediate goods (-0.1 per cent). Additionally, hours worked adjusted for calendar effects decreased by 0.2 per cent while industrial gross wages and salaries increased by 1.3 per cent.

Permalink: Industrial turnover down 2.6% in Q2 and by 11.1% on last year