Industrial business turnover increased by 6.6 percent in the first quarter of the year

Industrial business turnover grew by 6.6 percent in the first quarter of the year compared with the same period in 2018, as a result of the mining and manufacturing industries, according to data from the National Institute of Statistics (INS).

According to the statistics, the turnover in the mining industry increased by 13.2 percent between January and March 2019, while in the manufacturing industry the increase was 6.4 percent compared to the first quarter of the previous year.

By main industrial groups there were increases in turnover in the following sectors: intermediate goods industry (+ 12.2 percent), capital goods industry (+ 5.3 percent), durable consumer goods industry (+ 3.2 percent), the energy industry (+ 2.8 percent) and the current use goods industry (+ 2.8 percent).

INS data show that, in March 2019, as compared to March 2018, industrial business turnover increased by 4.6 percent as a result of activities in manufacturing (+ 4.7 percent) and mining (+ 1.9 percent). Increases were also recorded in the following industrial groups: intermediate goods industry (+ 13.3 percent) and capital goods industry (+ 3.4 percent).

On the other hand, decreases were registered in the energy industry (-7 percent) and the durable consumer goods industry (-2.5 percent) and the current use goods industry remained at the same level.

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According to the cited source, the turnover in industry, in March 2019, compared to the previous month, on total, increased by 7.4 percent, due to the manufacturing industry (+ 7.9 percent). In contrast, the mining industry declined by 4.6 percent.

With regard to large industrial groups, official statistics recorded increases in: the intermediate goods industry (+ 11.4 percent), the consumer goods industry (+ 8.7 percent), the capital goods industry (+ 6.2 percent) and the goods industry for long-term use (+ 3.3 percent). The opposite was the energy industry whose business fell by 2.7 percent.