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

Manufacturing production for the second quarter of 2011 reflected an increase of 0,7% compared with the second quarter of 2010. Six of the ten manufacturing divisions reported positive growth rates over this period.

The year-on-year increase of 0,7% for the second quarter was mainly due to higher production in the basic iron and steel, non-ferrous metal products, metal products and machinery division (3,7% and contributing 0,8 of a percentage point), the motor vehicles, parts and accessories and other transport equipment division (2,3% and contributing 0,2 of a percentage point) and the petroleum, chemical products, rubber and plastic products division (0,9% and contributing 0,2 of a percentage point).

Manufacturing production for June 2011 increased by 0,9% compared with June 2010.

Manufacturing production increased by 0,9% year-on-year in June 2011, which is slightly lower than the revised 1,0% increase in May 2011 compared with May 2010. The 0,9% increase was mainly driven by higher production in the motor vehicles, parts and accessories and other transport equipment division (15,8% and contributing 1,6 percentage points) and the basic iron and steel, non-ferrous metal products, metal products and machinery division (2,4% and contributing 0,5 of a percentage point).

However, these increases were partially counteracted by decreases reported in the petroleum, chemical products, rubber and plastic products division (-1,9% and contributing -0,5 of a percentage point) and the food and beverages division (-2,6% and contributing -0,5 of a percentage point).

Seasonally adjusted manufacturing production for the second quarter of 2011 decreased by 2,0% compared with the first quarter of 2011. Seven of the ten manufacturing divisions reported negative growth rates over this period.

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