Index of Industrial Production for October 2011

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The Index of Industrial Production for the month of October 2011 was 80.1. This indicates that the output level increased by 4.4 points or 5.8 per cent compared with September 2011 and fell by 0.2 of a point or 0.2 per cent when compared with October 2010. The Manufacturing division, which is the main component of the Production Index, increased by 3.8 points or 6.4 per cent compared with the previous month and declined by 0.1 of a point or 0.2 per cent compared with October 2010. Of the other two components of the Index of Industrial Production, the Mining and Quarrying Division rose by 20.3 points or 26.9 per cent compared with September 2011 and increased by half a point or 0.5 per cent when compared with October 2010 while the Electricity, Gas and Water division rose by 4.7 points or 3.1 per cent above that of the previous month.

Within the Manufacturing division, increases were recorded for the Beverages and Tobacco division by 24.3 of a point or 39.9 per cent; Wearing Apparel by 2.5 points or 22.4 per cent; Non-Metallic Mineral Products by 74.7 points or 38.6 per cent; and Other Manufacturing by 1.6 points or 2.0 per cent when compared with the previous month.

Further, there were decreases recorded for the Food division by 7.2 point or 7.9 per cent; Wooden Furniture by 11.0 points or 13.4 per cent; Chemicals by 22.5 points or 20.2 per cent; and Electronic Components by 13.8 points or 45.7 per cent when compared with September 2011.

Within the mining sub-division, crude oil fell by 5.1 points or 7.2 per cent compared with the previous month and declined by 1.6 points or 2.4 per cent compared with October 2010. The Quarrying sub-division decreased by 38.8 points or 48.7 per cent compared with that of the previous month.

Within the Electricity, Gas and Water division, increases were recorded for Electricity by 4.4 points or 2.6 per cent; Natural Gas by 0.9 of a point or 2.3 per cent and Water by 6.0 points or 6.1 per cent above that of the previous month.

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