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Industrial production down by almost 10%

Posted on February 8th, 2012

Provisional data published on Wednesday by the National Statistics Office (NSO) show that industrial production decreased by 9.7 per cent in December over the corresponding month in 2010.

In December, industrial production decreased by 9.7 per cent from 94.7 points in December
2010. This was mainly influenced by a decline of 14.2 and 10.0 per cent in the intermediate and consumer goods respectively.

On the other hand, the production of energy and capital goods increased by 2.2 and 3.1 per cent respectively.

At the NACE division level, the manufacture of computer, electronic and optical products
(NACE 26) decreased by 22.1 per cent. Further declines were registered in the manufacture of wearing apparel (NACE 14), manufacture of basic pharmaceutical products and pharmaceutical preparations (NACE 21) and repair and installation of machinery and equipment (NACE 33).

NSO added that the manufacture of food products (NACE 10), manufacture of beverages (NACE 11), manufacture of textiles (NACE 13), other manufacturing (NACE 32) and electricity, gas, steam and air conditioning supply (NACE 35) increased over the corresponding month in 2010.