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Business • March 28 2004

Industry turnover up 23 per cent

According to provisional data released Friday by the National Statistics Office, the turnover of Malta’s industrial sector increased by over 23 per cent over the month of January.
The Total Industry’s Employment and Wages and Salaries Indices decreased by 1.89 per cent and 1.20 per cent respectively in January this year when compared to January last year.
In January 2004, the Capital Goods group registered a drop of 9.97 per cent in the Turnover Index over January last year, while for the same period, the group showed a 9.75 per cent increase in its Employment Index over January 2003. Its Wages and Salaries Index increased by 7.67 per cent.
The Turnover Index of the Consumer Durable Goods group increased by 71.57 per cent in January 2004 when compared to the same month last year. For the same period, this sector registered a decrease of 29.77 per cent in the Employment Index, while the Wages and Salaries Index decreased by 29.65 per cent.
The Consumer Non-Durable Goods group registered an increase of 3.65 per cent in the Turnover Index, from January 2003 to January 2004. Its Employment Index decreased by 5.36 per cent, while Wages and Salaries fell by 7.72 per cent.
During January 2004, the Turnover Index of the Energy group decreased by 0.94 per cent over January last year. The group’s Employment Index increased by 16.31 per cent from January 2003 to January 2004. The Wages and Salaries Index, meanwhile, registered a fall of 0.59 per cent.

 

 





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