Short-term Industrial Indicators: Q1/2017

According to the latest data published by the National Statistics Office (NSO), preliminary figures show that seasonally adjusted industrial turnover in the first quarter of 2017 decreased by 0.2 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.

Monthly Comparison

Seasonally adjusted industrial turnover for the first quarter of 2017 decreased by 0.2 per cent over the fourth quarter last year. A decline in turnover was registered in the energy (1.9 per cent) and the consumer goods (1.1 per cent) sectors. This drop was mitigated by an increase in turnover in the capital goods (2.6 per cent) and the intermediate goods (0.6 per cent) sectors.

Seasonally adjusted industrial employment increased by 0.9 per cent. During this period, hours worked adjusted for seasonal effects increased by 1.0 per cent, whereas the seasonally adjusted wages and salaries decreased by 1.0 per cent.

Annual comparison

When compared to the first quarter of 2016, working-day adjusted industrial turnover increased by 0.4 per cent. This was mainly due to increases across all the main industrial groupings, except for the consumer goods sector.

Year-on-year unadjusted industrial employment decreased by 0.6 per cent. Working-day adjusted industrial hours worked decreased by 2.5 per cent while working-day adjusted industrial wages and salaries decreased by 1.3 per cent.