Industrial Production Index

FBoS Release No: 53, 2016
23rd September 2016


The Industrial Production Index (IPI) is an indicator of economic activity. The movement of the index reflects changes in the volume of production from mining and quarrying, manufacturing, electricity and water sector.

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Key Facts

  • The All Group Industrial Production Index
    (IPI) stood at 109.2 for the June quarter of
    2016.

Compared to the March quarter of 2016 a 10.0 percent increase was registered. The major index movements were as follows:

  • Mining and Quarrying Index rose by 15.5 percent;
  • Meat & Meat Products Index rose by 1.7 percent;
  • Sugar Index rose by 117.3 percent;
  • Non Alcoholic Beverages and Cigarettes Index rose by 15.1 percent;
  • Wearing Apparel Index rose by 3.9 percent and
  • Electricity Index fell by 3.5 percent.

Compared to the June quarter of 2015 a 0.3 percent increase was registered in the All Group Index.

 

 

 

 

The All Group Index including sugar recorded an increase when compared to the March quarter of 2016 and June quarter of 2015. 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 the overall index.

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

IPI for September quarter of 2016 will be released in December 2016.