Industrial Production Index

FBoS Release No: 36, 2016
18th July 2016


March Quarter 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.

Key Facts

ipiMar16a

  • The All Group Industrial Production Index (IPI) stood at 99.3 for the March quarter of 2016.
    • Compared to the December quarter of 2015 a 10.7 percent decline was registered. The major index movements were as follows:
      • Mining and Quarrying Index fell by 6.7 percent;
      • Meat & Meat Products Index fell by 6.0 per cent;
      • Sugar Index fell by 100.0 percent;
      • Non Alcoholic Beverages and Cigarettes Index rose by 5.6 percent;
      • Wearing Apparel Index fell by 0.4 per cent and
      • Electricity Index rose by 0.3 percent.
    • Compared to the March quarter of 2015 a 7.1 percent decline was registered in the All Group Index.

 

 

 

 

 

 

 

The All Group Index excluding sugar recorded an increase when compared to the December quarter of 2015 but recorded a decline when compared to the March 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 June Quarter of 2016 will be released in September 2016.