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”.
Within “Manufacturing”, estimates by broad group, namely, enterprises
formerly holding an EPZ certificate, Non-EPZ and “Sugar milling”
as well as by main industrial grouping are given. Indices for the Export Oriented
Enterprises (EOE) sector can be considered as being same as for enterprises
formerly holding an EPZ certificate, as the latter group constitutes more
than 95% of the EOE sector.
The Industrial Sector
2. In the first quarter of 2009 the overall index of industrial production
decreased by 15.3% compared to the previous quarter, and increased by 2.2%
compared to the corresponding quarter of 2008. In the year ending first quarter
2009, i.e. second quarter 2008 to first quarter 2009, real industrial output
went up by 2.2% compared to the corresponding period a year before. This is
explained mainly by increases in the real output of “Sugar Milling”
(4.6%) “Non-EPZ” (4.7%), “Electricity, gas and water supply”
(2.6%) partly offset by decreases in “Mining and quarrying” (-2.4%)
and “EPZ/EOE” (-0.4%).
Mining
and quarrying
3. The real output of “Mining and quarrying” decreased by 18.4%
compared to the previous quarter and by 9.9% compared to the corresponding
quarter of 2008. In the year ending first quarter 2009, real output went down
by 2.4%.
Manufacturing
4. Manufacturing output in the first quarter of 2009 decreased by 18.0% compared
to the previous quarter, and increased by 2.5% when compared to the corresponding
quarter of 2008. In the year ending first quarter 2009, real output went up
by 2.1%. This is explained by increases of 4.6% and 4.7% in “Sugar Milling”
and “Non-EPZ” respectively, partly offset by a decrease of 0.4%
in the “EPZ/EOE”.
5. Within “Manufacturing”, real output of the “EPZ/EOE”
in the first quarter of 2009 decreased by 16.1% compared to the previous quarter
and by 8.2% when compared to the corresponding quarter of 2008. In the year
ending first quarter 2009, it receded by 0.4%.
6. Output of large “Non-EPZ” establishments, shows a decline of
16.3% in the first quarter of 2009 compared to the previous quarter and an
increase of 14.7% compared to the corresponding quarter of 2008. For the year
ending first quarter 2009, the index grew by 4.7%.
Electricity, gas and water supply
7. In the first quarter of 2009, real output of this section grew by 3.9%
when compared to the previous quarter and a zero growth was noted when compared
to the corresponding quarter of 2008. In the year ending first quarter 2009,
it is estimated to have moved up by 2.6%.
June 2009
More:
Quarterly
Index of Industrial Production (QIIP)- 1st
Quarter 2009
Introduction
Table
1: Index of industrial production by section - annual and quarterly indices,
Q1 2003 to Q1 2009
Table
2: Index of industrial production by main industrial grouping - manufacturing,
Q1 2003 to Q4 2008
Table
3: Index of industrial production by main industrial grouping - EPZ, Q1 2003
to Q4 2008
Table
4: Index of industrial production by main industrial grouping - Non-EPZ 1
(exc. Sugar), Q1 2003 to Q4 2008
