Industrial Production Index

Release No. , 2014

25th June 2014


The All Group Industrial Production Index (IPI) for the March quarter of 2014 stood at 115.3. The index is compared to those of earlier periods in order to gauge changing volumes of output from industrial production. For instance, the March quarter of 2014 index of 115.3 is 15.3 per cent higher than the base year (2008) index of 100.0.

ipiMar14a

Compared to the December quarter of 2013 a 10.6 per cent decrease was registered in the All Group Index due to lower volumes of production in; mining & quarrying, frozen poultry, meat, canned fish, fruit & vegetables, edible oil & coconut oil, bread, cakes, biscuits, sugar, sugar confectionery, starch products, other food n.e.c., animal feed, alcoholic spirits, wine, beer, footwear & leather products, paper & paper board, other articles of paper & paper board, printing, fertilizer, agrochemicals, paints & varnishes, soap & detergent, other chemical products, pharmaceuticals, rubber tyres & tubes, plastic products, glass and glass products, structural metal products, other fabricated metal products, coachwork, building of ships & floating structure, manufacture of furniture, jewellery, other manufacturing n.e.c., repair of machinery, repair of electrical equipment and water.

Compared to the March quarter of 2013 a 1.5 per cent increase was recorded in the All Group Index. Driving this increase were higher volumes of production in; fruit & vegetables, dairy products, ice-cream, rice milling, flour milling, other grain mill products, bread, cakes, biscuits, sugar confectionery, starch products, other food n.e.c., animal feed, alcoholic spirits, wine, beer, soft drinks, mineral water, yaqona, tobacco, wearing apparel, footwear & leather products, saw-milling & planing of wood, manufacture of products of wood, cork plaiting material, paper & paper board, other articles of paper & paper board, printing, fertilizer, agrochemicals, paints & varnishes, rubber tyres & tubes, plastic products, glass and glass products, cement, concrete, cutting, shaping of stone, basic metal, casting of metals, structural metal products, manufacture of furniture and electricity.

The All-Group Index including sugar and the All-Group Index excluding sugar both recorded a decline when compared to the December quarter of 2013 but an increase when compared to the March quarter of 2013. 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.

ipiMar14b

The mining & quarrying index stood at 111.0. The index showed a decline when compared to the previous quarter and also to the previous corresponding quarter. Lower grades of ore being extracted during the quarter was a major factor that contributed to the decline.

ipiMar14c

The frozen poultry, meat and canned fish index stood at 106.1. The index showed a decline when compared to the previous quarter and also to the previous corresponding quarter. The decrease in canned fish production led to the overall decline.

ipiMar14d

The dairy products including ice-cream index stood at 92.5. The index showed an increase when compared to the previous quarter and also to the previous corresponding quarter. The increase in production was due to increase in market demand.

ipiMar14e

The rice, flour & other grain mill products index stood at 116.0. The index remained unchanged when compared to the previous quarter but showed an increase when compared to the previous corresponding quarter. The sales volume influences production levels.

ipiMar14f

The sugar index stood at 0.0. The index showed a decline when compared to the previous quarter but remained unchanged when compared to the previous corresponding quarter.

ipiMar14g

The alcoholic drinks index stood at 118.2. The index showed a decline when compared to the previous quarter but an increase when compared to the previous corresponding quarter. The production of this commodity is influenced by market demand.

ipiMar14h

The non alcoholic drinks & cigarettes index stood at 94.7. The index showed an increase when compared to the previous quarter and also to the previous corresponding quarter. The production of this commodity is highly demand driven.

ipiMar14i

The wearing apparel index stood at 145.4. The index showed an increase when compared to the previous quarter and also to the previous corresponding quarter. The production of wearing apparel are largely dependent on orders received.

ipiMar14j

The saw-milling & planing of wood and manufacture of products of wood, cork plaiting material index stood at 169.6. The index showed an increase when compared to the previous quarter and also to the previous corresponding quarter.

ipiMar14k

The paper & paper board, other articles of paper and printing index stood at 102.0. The index showed a decline when compared to the previous quarter but an increase when compared to the previous corresponding quarter. The production of this commodity is influenced by market demand.

ipiMar14l

The cement, concrete products, cutting & shaping of stone, basic metal and casting of metal index stood at 139.6. The index showed an increase when compared to the previous quarter and also to the previous corresponding quarter. The production of this commodity is dependent on demand.

ipiMar14m

The manufacture of furniture index stood at 92.4. The index showed a decline when compared to the previous quarter but an increase when compared to the previous corresponding quarter. The production of the furniture index is dependent on orders received.

ipiMar14n

The electricity index stood at 120.3. The index showed an increase when compared to the previous quarter and also to the previous corresponding quarter. The increase of the electricity index reflects increased consumption.

ipiMar14o

The water index stood at 108.4. The index showed a decline when compared to the previous quarter and also to the previous corresponding quarter. The decrease was due to water cuts experienced during this quarter as a result of development work on the expansion of water infrustructure.

For further enquiries please contact Mr. Krishneel Sami on Telephone 3315822, ext 114 or email

IPI for June Quarter 2014 will be available in September 2014.