Provisional IIP For August To October 2014

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The Index of Industrial Production (IIP) increased by 13.3 per cent over the August to October 2014 period.

The increase in the index was due to a rise in the Mining and Quarrying Sectors (33.9 per cent); the Manufacturing Sector (19.2 per cent) and the consumption of Electricity, Gas and Water (3.2 per cent).

Output for the Mining and Quarrying Sector grew by 33.9 per cent at the end of the period under review; while production in the Stone Quarrying and Mining sub-sectors increased by 37.3 per cent and 24.9 per cent.

Production in the Electricity, Gas and Water Sector rose by 3.2 per cent over the period, while increases were recorded in the Water and Electricity sub-divisions. The Natural Gas Index remained unchanged.

Year on year output for the period grew by 19.2 per cent as a result of increases in the following sectors: Food (15.4 per cent); Chemicals (21.0 per cent); Non-Metallic Minerals (56.7 per cent); Electronic Components (74.1 per cent) and Other Manufacturing (11.5 per cent).

Increases were recorded in the index for Beverages and Tobacco (11.3 per cent), Wearing Apparel (1.8 per cent) and Wooden Furniture (4.6 per cent).

Author: Division of Economic Affairs/BGIS
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