1. 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”.
2. In the third quarter of 2017, the overall index of industrial production expanded by 12.4% compared to the previous quarter and by 1.9% compared to the corresponding quarter of 2016.
3. The performance of the sub-sectors within the industrial sector is as follows:
|
Growth rate (%) fourth quarter 2017 |
Over corresponding quarter of 2016 |
Over previous quarter |
Mining and quarrying |
+1.5 |
+9.5 |
Manufacturing |
+1.4 |
+10.4 |
Electricity, gas, steam and air conditioning supply |
+3.5 |
+27.8 |
Water supply; sewerage, waste management and remediation activities |
+5.6 |
+3.7 |
Industrial Sector |
+1.9 |
+12.4 |
4. There was a net expansion of 2.0% in Industrial output for year 2017. This is explained by increases in “Mining and quarrying” (+1.5%), “Manufacturing” sector (+1.6%), “Electricity, gas, steam and air conditioning supply” (+3.3%) and “Water supply; sewerage, waste management and remediation activities” (+2.7%).