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

Manufacturing production for the first quarter of 2011 reflected an increase of 4,1% compared with the first quarter of 2010. Higher production for the first quarter of 2011 was reported by eight of the ten manufacturing divisions.

The annual increase of 4,1% was mainly due to higher production in the motor vehicles, parts and accessories and other transport equipment division (15,9% and contributing 1,6 percentage points), the petroleum, chemical products, rubber and plastic products division (5,1% and contributing 1,2 percentage points), the food and beverages division (3,9% and contributing 0,7 of a percentage point) and the wood and wood products, paper, publishing and printing division (5,6% and contributing 0,5 of a percentage point).

Manufacturing production for March 2011 increased by 4,6% compared with March 2010.

Manufacturing production increased by 4,6% year-on-year in March 2011, lower than the revised 5,7% increase in February 2011 compared with February 2010. The 4,6% increase was mainly driven by higher production in the petroleum, chemical products, rubber and plastic products division (7,1% and contributing 1,7 percentage points), the motor vehicles, parts and accessories and other transport equipment division (15,4% and contributing 1,6 percentage points), the electrical machinery division (8,9% and contributing 0,3 of a percentage point), the furniture and other manufacturing division (7,3% and contributing 0,3 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).

Seasonally adjusted manufacturing production for the first quarter of 2011 increased by 4,0% compared with the fourth quarter of 2010. Seven of the ten manufacturing divisions reported positive growth rates over this period.

The increase was mainly due to higher production in the petroleum, chemical products, rubber and plastic products division (6,9% and contributing 1,6 percentage points), the basic iron and steel, non-ferrous metal products, metal products and machinery division (6,3% and contributing 1,2 percentage points), the furniture and other manufacturing division (11,0% and contributing 0,5 of a percentage point) and the motor vehicles, parts and accessories and other transport equipment division (3,8% and contributing 0,4 of a percentage point).