Key findings: P3041.2 - Manufacturing: Production and sales, October 2010

Manufacturing production increased by 2,5% in October 2010 compared with October 2009.

Manufacturing production rose by 2,5% year-on-year in October 2010. This increase was driven mainly by higher production in the motor vehicles, parts and accessories and other transport equipment division (21,3% and contributing 2,2 percentage points), the food and beverages division (6,0% and contributing 1,1 percentage points) and the wood and wood products, paper, publishing and printing division (7,0% and contributing 0,7 of a percentage point).

Seasonally adjusted manufacturing production decreased by 3,2% for the three months ended October 2010 compared with the previous three months ended July 2010. Seven of the ten manufacturing divisions reported negative growth rates over this period.

The decrease was driven mainly by lower production in the motor vehicles, parts and accessories and other transport equipment division (-12,5% and contributing -1,3 percentage points), the basic iron and steel, non-ferrous metal products, metal products and machinery division (-4,8% and contributing -1,0 percentage point) and the petroleum, chemical products, rubber and plastic products division (-2,3% and contributing
-0,6 of a percentage point).

However, the food and beverages division reported an increase of 1,5% (contributing 0,3 of a percentage point) during the above-mentioned period.