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Quarterly Index of Industrial Production (QIIP), Fourth Quarter 2022

Highlights

(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 fourth quarter of 2022, the overall index of industrial production increased by 13.6% compared to the previous quarter and by 11.7% when compared to the corresponding quarter of 2021.

 

2.    The performance of the sub-sectors within the industrial sector is as follows:

  Growth rate (%) fourth quarter 2022
Over corresponding quarter 2021 Over previous quarter
Mining and quarrying +4.8 +9.2
Manufacturing +11.7 +14.0
Electricity, gas, steam & air conditioning supply +4.3 +14.2
Water supply; sewerage, waste management and remediation activities +1.1 +2.1
Industrial Sector +11.7 +13.6

 

3.    The index for the year 2022, worked out as the average of quarterly indices grew by 10.3%.  This is explained by expansions in “Mining and quarrying" (+8.8%), “Manufacturing" (+10.4%), “Electricity, gas, steam and air conditioning supply" (+5.8%) and “Water supply; sewerage, waste management and remediation activities" (+3.9%).


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21 March 2023

 

 

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