Quarterly Index of Industrial Production (QIIP), Third Quarter 2013
(Year 2007 = 100)
Highlights
The Quarterly Index of Industrial Production shows the evolution of the volume or real output of the Industrial Sector comprising “Mining and quarrying”, “Manufacturing”, “Electricity, gas, steam and air conditioning supply” and “Water supply; sewerage, waste management and remediation activities”. Within “Manufacturing”, estimates by broad group, namely “Export Oriented Enterprises (EOE)”, “Non-EOE” and “Sugar milling” as well as by main industrial groupings are given.
The Industrial Sector
1. In the third quarter of 2013, the overall index of industrial production grew by 0.5% compared to the previous quarter, and by 3.4% compared to the corresponding quarter of 2012.
2. The performance of the sub-sectors within the industrial sector is as follows:
|
Growth rate (%) third quarter 2013 |
Over corresponding quarter of 2012 |
Over previous quarter |
Mining and quarrying |
-7.0 |
+4.8 |
Manufacturing |
+3.2 |
+1.6 |
Electricity, gas, steam and air conditioning supply |
+3.7
|
-11.9
|
Water supply; sewerage, waste management and remediation activities |
+2.2
|
-4.0
|
Industrial Sector |
+3.4 |
+0.5 |
3. In the year ending third quarter 2013, i.e. fourth quarter 2012 to third quarter 2013, real industrial output grew by 4.7% compared to the corresponding period a year before.
4. The growth is explained by expansions in “Mining and quarrying” (+0.1%), “Manufacturing” (+4.7%), “Electricity, gas, steam and air conditioning supply” (+5.5%) and “Water supply; sewerage, waste management and remediation activities” (+2.7%). Within “Manufacturing”, “Non-Export Oriented Enterprises (Non-EOE)” grew by 10.3% while “Sugar milling” and “EOE” contracted by 1.8% and 2.6% respectively.
December 2013