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Quarterly Index of Industrial Production (QIIP), 3rd Quarter 2022

Hig​hlights

(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:​​

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Growth rate (%) third quarter 2022​
Over corresponding quarter 2021 Over previous quarter
Mining and quarrying +1.9 +0.6
Manufacturing +6.8 +10.4
Electricity, gas, steam & air conditioning supply +4.4 +8.6
Water supply; sewerage, waste management and remediation activities +2.7 -1.5
Industrial Sector +7.4 +9.6

 

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%).

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21 December 2022