Quarterly Index of Industrial Production (QIIP)
– 3rd Quarter 2007

Highlights

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” and “Electricity, gas and water supply”.

The Industrial Sector
2. In the third quarter 2007, the overall index of industrial production was 2.0% lower than the previous quarter and 3.2% higher than the corresponding quarter of 2006. In the year to 3rd quarter 2007, i.e., 4th quarter 2006 to 3rd quarter 2007, real industrial output went up by 3.1% compared to the same period a year ago. This is explained mainly by increases of 11.8% and 3.7% in the real output of the EPZ and “Electricity, gas and water supply” respectively, partly offset by decreases of 9.5% in “Sugar milling” and 3.6% in Non-EPZ”.

Mining and quarrying
3. The real output of “Mining and quarrying” decreased by 5.3% compared to the previous quarter, and by 21.7% compared to the corresponding quarter of 2006. In the year to 3rd quarter 2007, real output went down by 8.2%.

Manufacturing
4. Manufacturing output in the 3rd quarter 2007 decreased by 0.5% compared to the previous quarter, but increased by 3.2% when compared to the same quarter a year ago. In the year to 3rd quarter 2007, it increased by 3.0%. This is explained by increases of 11.8% in EPZ, partly offset by the negative performances of Non-EPZ (-3.6%) and “Sugar milling” (-9.5%).
5. Within “Manufacturing”, the real output of the EPZ decreased by 5.5% in the 3rd quarter of 2007 compared to the previous quarter, but increased by 12.2% when compared to the same quarter, a year ago. In the year to 3rd quarter 2007, it is estimated to have gone up by 11.8%
6. Large Non-EPZ establishments increased of 1.7% in the 3rd quarter 2007 compared to the previous quarter and decreased by 3.6% compared to the same quarter, a year ago. For the year to 3rd quarter 2007, the index decreased by 3.6%.

Electricity, gas and water supply
7. In the 3rd quarter 2007, real output of “Electricity, gas and water supply” decreased by 11.2% compared to the previous quarter, but increased by 4.0% when compared to the same quarter, a year ago. In the year to 3rd quarter 2007, it is estimated to have moved up by 3.7%

December 2007
 

More : Quarterly Index of Industrial Production (QIIP)– 3rd Quarter 2007

Introduction

Table 1: Index of industrial production by section - annual and quarterly indices, 2003 to 3rd Quarter 2007

Table 2: Index of industrial production by main industrial grouping - manufacturing1, 2003 to 2nd quarter 2007

Table 3: Index of industrial production by main industrial grouping - EPZ, 2003 to 2nd quarter 2007

Table 4: Index of industrial production by main industrial grouping - Non-EPZ1 exc. Sugar, 2003 to 2nd quarter 2007

Methodology

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