Industrial growth was driven by the machinery sector, with output of the vehicle and vehicle component branch rising a marked 41%. Although the sector’s stock of orders increased just 3.5% year on year, new export orders were up 21% and new domestic orders rose 32%. Labor productivity improved 18%, including the effect of a 3.2% fall in the number of jobs at companies with more than five employees.
January construction industry output was further supported by motorway construction, registering a 14% year-on-year expansion following a full-year 17% increase in 2005. The output of the civil engineering branch, which includes road construction, rose 26%, and construction industry orders were up 13%, also the result of road construction.
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