Quarterly Index of Industrial Production (QIIP), 4th Quarter 2024
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 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
In the fourth quarter of 2024, the overall index of industrial production increased by 14.1% compared to the previous quarter and by 1.5% when compared to the corresponding quarter of 2023.
The performance of the sub-sectors within the industrial sector is as follows:
|
Growth rate (%) fourth quarter 2024 |
| |
Over corresponding quarter 2023 |
Over previous quarter |
|
Mining and quarrying |
+9.0 |
-5.7 |
|
Manufacturing |
+1.3 |
+14.5 |
|
Electricity, gas, steam & air conditioning supply |
+1.6 |
+19.5 |
|
Water supply; sewerage, waste management and remediation activities |
+1.1 |
+0.1 |
Industrial Sector |
+1.5 |
+14.1 |
The index for the year 2024, which is the average of quarterly indices for the period under review, grew by 1.8%. This is explained by expansions in “Electricity, gas, steam and air conditioning supply" (+3.4%), “Manufacturing" (+1.5%), and “Water supply; sewerage, waste management and remediation activities" (+2.8%).
21 March 2025
