FBoS Release No: 16 , 2017
3rd April 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.
- The major index movements were as follows:
- The All Group Industrial Production Index (IPI) stood at 120.0 for the December quarter of 2016. This represented a 2.0 percent increase when compared to the September quarter of 2016.
- Mining and Quarrying Index fell by 31.4 percent;
- Meat & Meat Products Index rose by 1.7 percent;
Sugar Index rose by 1.2 percent;
- Non Alcoholic Beverages and Cigarettes Index rose by 6.7 percent;
- Wearing Apparel Index rose by 20.6 percent; and
- Electricity Index rose by 10.4 percent.
- The All Group Index registered a 7.9 percent increase when compared to the December quarter of
The All Group Index including sugar recorded an increase when compared to the September quarter of 2016 and December quarter of 2015. 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 the overall index.
Note: Refer to Table 1 for details
Note: Refer to Table 2 for details
IPI for March quarter of 2017 will be released in June 2017.