Annual Production Increased By 2.3% In January

On an annual basis production for Manufacturing Industries for January 2010 was 2.3% higher than in January 2009.

The most significant changes were in the following sectors: computer, electronic and optical products (down 37.2%) and basic pharmaceutical products and preparations (up 11.8%).

The seasonally adjusted volume of industrial production for manufacturing industries for the three month period November 2009 to January 2010 was 2.7% lower than in the preceding three month period.

The "Modern" Sector, comprising a number of high-technology and chemical sectors, showed an annual increase in production for January 2010 of 4.8% while a decrease of 3.6% was recorded in the "Traditional" Sector.

The seasonally adjusted industrial turnover index for manufacturing industries was 1.5% lower in the three month period November 2009 to January 2010 when compared with the preceding three month period. On an annual basis turnover was 8.8% lower when compared with January 2009.