Manufacturing brings industry turnover up 7.2 pct in June vs May

Industry turnover (domestic and non‐domestic market) increased by 7.2 percent in June 2015 against the previous month, and by 6.5 percent year on year, according to latest data by the INS.

This was mainly due to a rise in manufacturing (up 7.5 percent), which was reflected also in manufacturing orders (domestic market and non‐domestic market) which grew by 5.9 percent compared to the previous month and by 5.5 percent compared to the same month of the previous year.

Mining and quarrying registered a drop of 0.8 percent. By main industrial groups, there were rises in all other sectors: non‐durable goods industry (up 10.4 percent), capital goods industry (up 9.5 percent), durable goods industry (up 6.2 percent), energy industry (up 4.3 percent) and intermediate goods industry (up 4.2 percent).

Compared to June 2014, in June 2015, the industry turnover increased overall by 6.5 percent due to rises in manufacturing (up 7.1 percent).

There was a decrease in mining and quarrying of 8.3 percent. By main industrial groups, there were rises in the following: capital goods industry (up 12.3 percent), durable goods industry (up 8.1 percent), intermediate goods industry (up 7.6 percent) and non‐durable goods industry (up 5.7 percent), while the energy industry saw a decrease of 15.4 percent.

In June 2015, the new orders in manufacturing were up 5.5 percent from the same month of the previous year due to the increases reported for consumer durables (up 27.6 percent), intermediate goods (up 8.7 percent), consumer non‐durables (up 4.1 percent) and capital goods (up 2.5 percent).

Compared to Semester I 2014, in Semester I 2015, the industry turnover increased per total by 1.9 percent due to rises in manufacturing (up 2 percent). There was a decrease of 0.9 percent in mining and quarrying.

By main industrial groups, there were rises in turnover in the following sectors: capital goods industry (up 7.0 percent), durable goods industry (up 5.0 percent), intermediate goods industry (up 4.6 percent) and non‐durable goods industry (up 0.5 percent). There were drops in the energy industry (down 21.5 percent).

In the first semester of 2015, new orders in manufacturing overall rose by 2.4 percent compared to the first semester of 2014 due to the increases recorded for consumer durables (up 19.7 percent), intermediate goods (up 5.6 percent) and consumer non‐durables (up 0.4 percent). Capital goods stayed at the same level.