Highlights
(Year 2013 = 100)
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 fourth quarter of 2020, the overall index of industrial production expanded by 20.1% compared to the previous quarter and declined by 11.5% when compared to the corresponding quarter of 2019.
3. The performance of the sub-sectors within the industrial sector is as follows:
|
Growth rate (%) fourth quarter 2020 |
| |
Over corresponding quarter of 2019 |
Over previous quarter |
|
Mining and quarrying |
-5.7 |
+3.2 |
|
Manufacturing |
-11.3 |
+20.1 |
|
Electricity, gas, steam & air conditioning supply |
-15.0 |
+25.2 |
|
Water supply; sewerage, waste management and remediation activities |
-1.3 |
+12.5 |
|
Industrial Sector |
-11.5 |
+20.1 |
4. The industrial production index for the year 2020, worked out as the average of quarterly indices dropped by 17.0%. This negative performance is explained by contractions in “Mining and quarrying" (-16.6%), “Manufacturing" (-17.8%), “Electricity, gas, steam and air conditioning supply" (-13.8%) and “Water supply; sewerage, waste management and remediation activities" (-3.8%).
23 March 2021
