Manufacturing up for November 2010

Posted On Friday, 14 January 2011 02:00 Published by
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Manufacturing production increased by 4,6% in November 2010 compared with November 2009, but is down on the previous quarter

The increase was driven mainly by higher production in the motor vehicles, parts and accessories and other transport equipment division (30,2% and contributing 3,0 percentage points), the petroleum, chemical products, rubber and plastic products division (4,4% and contributing 1,0 percentage point), the wood and wood products, paper, publishing and printing division (7,6% and contributing 0,7 of a percentage point) and the food and beverages division (2,2% and contributing 0,4 of a percentage point).

Seasonally adjusted manufacturing production for the three months ended November 2010 decreased by 1,6% compared with the previous three months ended August 2010. Seven of the ten manufacturing divisions reported negative growth rates over this period.

The decrease was driven mainly by lower production in the petroleum, chemical products, rubber and plastic products division (-4,7% and contributing -1,2 percentage points), basic iron and steel, non-ferrous metal products, metal products and machinery division (-1,9% and contributing -0,4 of a percentage point) and the wood and wood products, paper, publishing and printing division (-3,3% and contributing -0,3 of a percentage point).
 
However, the motor vehicles, parts and accessories and other transport equipment division and the food and beverages division reported increases of 4,2% and 1,6% (contributing 0,4 and 0,3 of a percentage point) respectively during the above-mentioned period.


Publisher: eProp
Source: SSA

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