Industrial Production Provisional Index For April

bgis Ministry News

(Stock Image)

(Stock Image)

The Index of Industrial Production (IIP) decreased by 0.1 per cent in April 2016 when compared with the previous month.

According to the Barbados Statistical Service, the decrease in the index was due to a decrease in Mining and Quarrying by 7.5 per cent, while increases were recorded for Manufacturing by 0.2 per cent, and Electricity, Gas and Water by 0.1 per cent.

The IIP for April 2016 recorded a decrease of 3.1 per cent when compared with the previous year. Decreases were recorded for Mining and Quarrying of 30.8 per cent and Manufacturing of 4.3 per cent. Meanwhile, an increase was recorded for Electricity, Gas and Water of 1.8 per cent.

Output for the Mining and Quarrying Sector declined by 7.5 per cent at the end of April when compared with the previous month. This was due to a decrease in the index for Stone Quarrying by 15.3 per cent. An increase was recorded for Mining of 8.0 per cent.

Production in the Electricity, Gas and Water Sector increased by 0.1 per cent when compared with the previous month. This was due to an increase in the generation of Electricity of 0.7 per cent. However, decreases were recorded in the index for the consumption of Water by 2.9 per cent and the generation of Natural Gas by 4.4 per cent.

Year-on-year output for the Manufacturing Sector for April decreased by 4.3 per cent due to decreases recorded in the indices for Food by 3.0 per cent; Beverages and Tobacco by 9.1 per cent; Wearing Apparel by 50 per cent; Furniture by 1.8 per cent; Non-metallic Minerals by 11.4 per cent; Electronic Components by 21.2 per cent; and Other Manufacturing by 1.8 per cent. Meanwhile, an increase was recorded in the index for Chemicals of 7.1 per cent.

Division of Economic Affairs

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