INDUSTRIAL PRODUCTION INDEX - 2013

[Base: Average 4 quarters 2008 = 100.0]

Release No. 20, 2014

04th April 2014


December Quarter and Annual 2013

December Quarter, 2013

The All Group Industrial Production Index (IPI) for the December quarter of 2013 stood at 129.0. The index is compared to those of earlier periods in order to gauge changing volumes of output from industrial production. For instance, the December quarter of 2013 index of 129.0 is 29.0 per cent higher than the base year (2008) index of 100.0.

ipiDec13a

Compared to the September quarter of 2013 a 3.3 per cent decrease was registered in the All Group Index due to lower volumes of production in; mining & quarrying, frozen poultry, meat, canned fish, sugar, alcoholic spirits, wine, beer, soft drinks, mineral water, yaqona, tobacco, footwear & leather products, paper, soap & detergent, other chemical products, pharmaceuticals, other fabricated metal products, coachwork, jewellery, other manufacturing n.e.c., repair of machinery and repair of electrical equipment.

Compared to the December quarter of 2012 a 4.8 per cent increase was recorded in the All Group Index. Driving this increase were higher volumes of production in; mining & quarrying, fruit and vegetables, dairy products, ice-cream, sugar, sugar confectionery & other food n.e.c., starch products, other food n.e.c., animal feed, wearing apparel, saw-milling & planing of wood, paper & paper board, other articles of paper & paper board, printing, fertilizer, agrochemicals, paints & varnishes, rubber tyres & tubes, plastic products, glass and glass products, structural metal products, manufacture of furniture and electricity.

The All-Group Index including sugar and the All-Group Index excluding sugar both recorded declines when compared to the September quarter of 2013 but increased when compared to the December quarter of 2012. Since sugar production is seasonal, most of the crushing is done 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 impact on the overall index.

ANNUAL 2013

The All Group IPI for 2013 stood at 118.0

ipiDec13b

The IPI index for 2013 registered a 5.1 per cent increase when compared to 2012. Increases were registered in the indices of mining & quarrying, edible oil, coconut oil, dairy products, ice cream, rice milling, flour milling, other grain mill products, sugar, sugar confectionery & other food n.e.c., starch products, other food n.e.c., animal feed, alcoholic spirits, wine, beer, soft drinks, mineral water, yaqona, tobacco, wearing apparel, saw-milling & planing of wood, manufacture of products of wood, cork plaiting material, paper, paper & paper board, other articles of paper & paper board, printing, fertilizer, agrochemicals, paints & varnishes, soap & detergent, other chemical products, pharmaceuticals, cement, concrete, cutting, shaping of stone, basic metal, casting of metals, sructural metal products, other fabricated metal products, coachwork, building of ships & floating structure, manufacture of furniture, electricity and water.