Seasonal industrial turnover up 1.4% in Q4 2022

Seasonally adjusted industrial turnover recorded during the fourth quarter of 2022 increased by 1.4% over the previous quarter.

When compared to the corresponding period of 2021, working-day adjusted industrial turnover increased by 20.5%.

During the fourth quarter of 2022, seasonally adjusted industrial turnover increased by 1.4% over the previous quarter. Increases were registered in the consumer goods (3.8%) and intermediate goods (2.3%) respectively.

On the contrary, decreases were registered in energy (10.9%) and capital goods (3.0%).

Seasonally adjusted industrial employment increased by 0.9%. During this period, industrial hours worked increased by 1.2% and industrial gross wages and salaries increased by 7.1%.

Annual comparison

When compared to the corresponding quarter of 2021, working-day adjusted industrial turnover increased by 20.5%. Increases were registered in all the main industrial groupings.

The highest increase was registered in the capital goods (27.8%), followed by intermediate goods (25.8%), consumer goods (19. %) and energy (0.2%).

An increase of 1.2% was recorded in the year-on-year unadjusted industrial employment.

Working-day adjusted industrial hours worked increased by 2.6% and working-day adjusted industrial gross wages and salaries went up by 6.2%.