FBoS Release No:48, 2017
4th September 2017


The Industrial Production Index (IPI) is an economic indicator that measures production volume changes in the following industries; mining and quarrying, manufacturing, electricity and water.

IpiMarch17aKey Facts

  • The All Group Industrial Production Index(IPI)stood at 106.3 in the March quarter of 2017.This represented a decline of 11.4 percent when compared to the December quarter of 2016.

The major index movements were as follows:

  • Mining and Quarrying Index rose by 21.0 percent;
  • Meat & Meat Products Index rose by 2.2 percent;
  • Non Alcoholic Beverages and Cigarettes Index rose by 0.4 percent;
  • Wearing Apparel Index fell by 29.4 percent; and
  • Electricity Index rose by 5.1 percent.
  • The All Group Index registered a 7.0 percent increase when compared to the March quarter of 2016.

 

The All Group Index including sugar recorded a decline when compared to the December quarter of 2016 but recorded an increase when compared to March quarter of 2016. The All Group Index excluding sugar recorded a decline when compared to the December quarter of 2016 but recorded an increase when compared to March quarter of 2016. Sugar production is seasonal, with crushing carried out in the latter half of the year. Given the significant weight for sugar in the index, an increase or decrease in its production volume is bound to have an impact on the overall index
Note: Refer to Table 1 for details

Industrial Highlights

Analysis of major industries are highlighted below. These should be read in conjunction with Table 1.

IpiMarch17b

IpiMarch17c

IpiMarch17d

IpiMarch17e

IpiMarch17f

IpiMarch17g

IpiMarch17h

 

 Please find attached the following:

 Table 1: Quarterly Industrial Production Index.

CLICK HERE FOR RELATED TABLES

For further enquiries please contact Ms Kirti Karishma on email or telephone 331 5822 (ext. 386 243) or direct line 323 0843.

IPI for June quarter of 2017 will be released in September 2017.