Industrial Production Provisional Index For Feb. 2015

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The Index of Industrial Production (IIP) increased by 5.6 per cent in February 2015, compared with the previous month.

The growth in the index was due to increases in Mining and Quarrying and Manufacturing by 3.3 per cent and 13.8 per cent, respectively. Meanwhile, a decline of 6.4 per cent was reflected for consumption of Electricity, Gas and Water.

The IIP for February 2015 increased by 3.1 per cent when compared with the previous year; growth was recorded in the index for Mining and Quarrying (15.8 per cent); Manufacturing (3.8 per cent) and Electricity, Gas and Water (0.9 per cent).

Output for the Mining and Quarrying Sector grew by 15.8 per cent at the end of February compared with the previous year, with an increase in the production of Stone Quarrying by 18.0 per cent, and Mining by 9.6 per cent.

Production in the Electricity, Gas and Water Sector rose by 0.9 per cent when compared with the previous year, due to an increase in the generation of Electricity by 3.0 per cent. Conversely, a decline was reflected in the index for Water by 6.4 per cent and Natural Gas by 0.8 per cent.

Year-on-year output for February 2015 increased by 3.8 per cent, mainly due to growth in the sub-sectors for Beverages and Tobacco (13.5 per cent); Wearing Apparel (206.5 per cent); Wooden Furniture (9.3 per cent); Chemicals (15.5 per cent); Non-Metallic Minerals (3.3 per cent) and Electronic Components (7.8 per cent).

The index for Food declined by 0.9 per cent, while that for Other Manufacturing fell by 2.7 per cent.

Author: Economic Affairs Division/BGIS
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