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Quarterly Index of Industrial Production (QIIP), 3rd Quarter 2022
(Year 2018 = 100)
The Economic and Social Indicators on Quarterly Index of Industrial Production (QIIP) aims at measuring, on a quarterly basis, the changes in the volume of or real output of the Industrial Sector comprising "Mining and quarrying", "Manufacturing", "Electricity, gas, steam & air conditioning supply" and "Water supply; sewerage, waste management and remediation activities". Please find below the highlights.
1. In the third quarter of 2022, the overall index of industrial production increased by 9.6% compared to the previous quarter and by 7.4% when compared to the corresponding quarter of 2021.
2. The performance of the sub-sectors within the industrial sector is as follows:
3. For the year ending third quarter 2022, i.e. fourth quarter 2021 to third quarter 2022, the real industrial output grew by 8.5%. This is explained by expansions in “Mining and quarrying" (+9.2%), “Manufacturing" (+8.9%), “Electricity, gas, steam and air conditioning supply" (+6.5%) and “Water supply; sewerage, waste management and remediation activities" (+3.7%).
21 December 2022