Industrial production volume increases 5.5% in September
The Central Statistics Office (KSH) today informs that in September 2013, industrial gross output rose by 5.5% compared to the same month of 2012. The automotive industry and the related supplier branches continued to play a main role in the growth output.
In the first nine months of 2013, output reached the level of the same period of the previous year. The volume of industrial production in September was up 1.8% month-on-month.
Industrial export sales rose by 3.4% year-on-year in September and by a considerable 11.8% y.o.y. Of the two manufacturing subsections accounting for nearly half of export sales, the export of transport equipment, representing over 30% of manufacturing exports, increased by 27.9% in September. The manufacture of computer, electronic and optical products – representing over 15% of such exports – fell by 3.2% in export volume.
Industrial domestic sales declined by 2.7% in January-September, but rose by 5.0% in September y.o.y. Year-on-year, domestic sales of manufacturing increased by 3.9% in September.
Of the sections of industry, the production of manufacturing grew by 6.3% y.o.y. in September. The output of energy industry (electricity, gas, steam and air-conditioning supply) was 4.9% lower y.o.y.
In September 2013, increases were observed in eight of the 13 subsections of manufacturing, while volume decreases of 0.9% to 5.3% were measured in other subsections. Of subsections with a significant weight, the production of transport equipment (representing more than 25% of manufacturing) grew by an outstanding 27.6%; KSH noted that the value of orders reflects “remarkable performance” by the subsector.
The manufacture of computer, electronic and optical products (ranked second in manufacturing) declined by 5.3%. Within the subsection, the largest class, i.e. the manufacture of communication equipment, increased for the first time since June 2011.
The third-largest subsection, the manufacture of food products, beverages and tobacco products (accounting for around 12% of manufacturing) remained nearly level with just a 0.2% increase.
A decrease proved lasting in the manufacture of pharmaceuticals, medical/chemical and botanical products, with output dropping 4.5% y.o.y. in September.
In September 2013, total new orders in the observed branches of manufacturing grew by 31.0% y.o.y. The volume of new export orders rose by 30.6%, while that of new domestic orders increased 34.3%.
For the nine-month period, labour productivity of industrial enterprises with five or more employees declined by 0.2% y.o.y. along with a 0.3% increase in the number of employees.
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