Key findings: P3041.2 - Manufacturing: Production and sales, February 2011

Manufacturing production for February 2011 increased by 6,0% compared with February 2010.

Manufacturing production increased by 6,0% year-on-year in February 2011, higher than the revised 1,6% increase in January 2011 compared with January 2010. The 6,0% increase was mainly driven by higher production in the motor vehicles, parts and accessories and other transport equipment division (21,6% and contributing 2,2% percentage points), the petroleum, chemical products, rubber and plastic products division (6,8% and contributing 1,6 percentage points), the food and beverages division (5,9% and contributing 1,0 percentage point) and the wood and wood products, paper, publishing and printing division (6,7% and contributing 0,7 of a percentage point).

Seasonally adjusted manufacturing production for the three months ended February 2011 increased by 3,6% compared with the previous three months ended November 2010. Eight of the ten manufacturing divisions reported positive growth rates over this period.

The increase was mainly due to higher production in the motor vehicles, parts and accessories and other transport equipment division (14,2% and contributing 1,5 percentage points), the basic iron and steel, non-ferrous metal products, metal products and machinery division (3,8% and contributing 0,8 of a percentage point), the petroleum, chemical products, rubber and plastic products division (2,6% and contributing 0,6 of a percentage point) and the wood and wood products, paper, publishing and printing division (3,5% and contributing 0,3 of a percentage point).