Provisional seasonally adjusted industrial turnover in the third quarter of 2015 decreased by 4.7 per cent over the previous quarter, the NSO said today.

Compared to the corresponding period last year, working-day adjusted industrial turnover decreased by 0.3 per cent.

Short-term Industrial Indicators: Q3/2015

Seasonally adjusted industrial turnover for the third quarter decreased by 4.7 per cent to 96.3 points over the second quarter this year. This was due to a decrease in all the main industrial groupings, with the exception of the energy sector which rose by 1.4 per cent, the NSO said.

Seasonally adjusted industrial employment decreased by 0.9 per cent from 97.0 points to 96.1 points. During this period, hours worked adjusted for seasonal effects decreased by 1.6 per cent, whereas seasonally adjusted wages and salaries increased by 0.5 per cent.

Annual comparison

When compared to the corresponding quarter of 2014, working-day adjusted turnover decreased by 0.3 per cent. An increase in turnover in energy, capital goods and consumer non-durable goods was mitigated by a decrease in the intermediate goods and durable consumer goods sectors.

Year-on-year unadjusted industrial employment decreased by 2.0 per cent. Industrial hours worked went down by 0.4 per cent while working-day adjusted industrial wages and salaries increased by 0.7 per cent.

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