Industrial Production Index

FBoS Release No. 17, 2016
18th March 2016


December Quarter 2015

The All Group Industrial Production Index (IPI) for the December quarter of 2015 stood at 111.2. 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 2015 index of 111.2 is 11.2 per cent higher than the base year (2011) index of 100.0.

ipiDec15a

Compared to the September quarter of 2015 a 10.3 per cent decrease was registered in the All Group Index due to lower volumes of production in; frozen poultry, meat, canned fish, sugar, soft drinks, mineral water, yaqona, tobacco, saw-milling & planing of wood, manufacture of products wood, cork plaiting material, paper & paper board, other articles of paper & paper products, printing, rubber tyres & tubes, plastic products, glass and glass products, other fabricated metal products, coachwork, building of ships & floating structure.

 

 

 

 

Compared to the December quarter of 2014 a 10.8 per cent decrease was recorded in the All Group Index. Driving this decrease were lower volumes of production in; mining & quarrying, rice milling, flour milling, other grain mill products, sugar, wearing apparel, footwear & leather products, paper, soap & detergent, other chemical products, pharmaceuticals, other fabricated metal products, coachwork, building of ships & floating structure, manufacture of furniture and water.

The All-Group Index including sugar showed a decline when compared to the September quarter of 2015 and also to the December quarter of 2014. The All-Group Index excluding sugar showed an increase when compared to the September quarter of 2015 but a decline to the December quarter of 2014. Since sugar production is seasonal, most of the crushing is done in the later 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.

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