Quarterly Index of Industrial Production (QIIP), First Quarter 2012
(Year 2007 = 100)
Highlights
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, EOE, Non-EOE and “Sugar milling” as well as by main industrial grouping are given.
The Industrial Sector
In the first quarter of 2012, the overall index of industrial production decreased by 14.0% compared to the previous quarter. When compared with the corresponding quarter of 2011, it went down by 0.3%.
The performance of the sub-sectors within the industrial sector is as follows:
Growth rate (%) first quarter 2012
Over corresponding quarter of 2011
Over previous quarter
Mining and quarrying
+0.1
-30.9
Manufacturing
-0.4
-16.7
Electricity, gas and water supply
+2.2
+14.7
In the year ending first quarter 2012, i.e. second quarter 2011 to first quarter 2012, real industrial output went up by 0.6% compared to the corresponding period a year before
The above growth is explained by expansions in “Electricity, gas and water supply” (+3.2%) and “Manufacturing” (+0.4%), partly offset by a decline in “Mining and quarrying” (-1.3%). Within “Manufacturing”, “Export Oriented Enterprises (EOE)” and “Sugar milling” grew by 5.9% and 3.1% respectively; however the “Non-EOE” sector contracted by 4.5%.
June 2012
More: Quarterly Index of Industrial Production - 1st Quarter 2012
Table 1: Index of industrial production by section - annual and quarterly indices, Q1 2008 to Q1 2012
Table 2: Index of industrial production by main industrial grouping - manufacturing, Q1 2008 to Q4 2011
Table 3: Index of industrial production by main industrial grouping - EOE, Q1 2008 to Q4 2011
Table 4: Index of industrial production by main industrial grouping - Non-EOE (exc. Sugar), Q1 2008 to Q4 2011
