Fall In Output Continues

For the same period, industrial sales fell by 3.6 per cent and domestic sales registered a fall of 1.3 per cent, according to the Foreign Commerce of the Society for Manufacturing Advancement (SOFOFA).

The seafood segment observed a regression of 30.5 per cent over the last 12 months, due to the sharp adjustment in salmon production as a result of the infectious salmon anaemia (ISA) virus.

According to the SOFOFA report, that fall was also the result of a major decline in fishmeal production.

The data indicates the fishing sector registered a decline of almost two percent in industrial production compared to October of last year.

In terms of industry jobs, the employment index underwent a 5.1 per cent fall in October, the lowest since March 2009.

In addition, it accumulated a decrease of 5.2 per cent between January and October of 2009, in relation to the same period last year.

Despite this some sectors were recovering including, the pulp and paper, food and beverages and the engineering sectors.

Industrial production registered a fall of 10.6 per cent between January and October of this year, whereas industrial sales fell by 8.1 per cent. In the same period domestic sales fell by 7.3 per cent.