Key findings: P3041.2 - Manufacturing: Production and sales, May 2014

Manufacturing production decreased by 3,7% in May 2014 compared with May 2013.

The 3,7% year-on-year decrease in manufacturing production in May 2014 was mainly due to lower production in the following divisions:

  • motor vehicles, parts and accessories and other transport equipment (-15,9% and contributing -1,6 percentage points);
  • basic iron and steel, non-ferrous metal products, metal products and machinery (-6,8% and contributing -1,5 percentage points); and
  • food and beverages (-4,3% and contributing -1,0 percentage point).

Seasonally adjusted manufacturing production decreased by 2,0% in the three months ended May 2014 compared with the previous three months. Seven of the ten manufacturing divisions reported negative growth rates over this period.

The largest negative contributions to the decrease of 2,0% were made by the following divisions:

  • petroleum, chemical products, rubber and plastic products (-5,1% and contributing -1,2 percentage points);
  • motor vehicles, parts and accessories and other transport equipment (-8,4% and contributing -0,8 of a percentage point); and
  • food and beverages (-2,3% and contributing -0,6 of a percentage point).