Industrial Production Index

FBoS Release No. 61, 2014

30th September 2014


The All Group Industrial Production Index (IPI) for the June quarter of 2014 stood at 121.5. The index is compared to those of earlier periods in order to gauge changing volumes of output from industrial production. For instance, the June quarter of 2014 index of 121.5 is 21.5 per cent higher than the base year (2008) index of 100.0.

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Compared to the March quarter of 2014 a 5.4 per cent increase was registered in the All Group Index due to higher volumes of production in; mining & quarrying, dairy products, ice-cream, rice milling, flour milling, other grain mill products, bread, cakes, biscuits, sugar, soft drinks, mineral water, yaqona, tobacco, footwear & leather products, 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, rubber tyres & tubes, plastic products, glass and glass products, cement, concrete, cutting, shaping of stone, basic metal, casting of metals, structural metal products and water.

Compared to the June quarter of 2013 a 3.2 per cent increase was recorded in the All Group Index. Driving this increase were higher volumes of production in; mining & quarrying, dairy products, ice-cream, rice milling, flour milling, other grain mill products, bread, cakes, biscuits, 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, electricity and water.

The All-Group Index including sugar and the All-Group Index excluding sugar both recorded an increase when compared to the March quarter of 2014 and June 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.

Industrial Highlights

Analyses of major industries are highlighted below. These should be read in conjunction with Table 1.

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The mining & quarrying index stood at 223.3. The index showed an increase when compared to the previous quarter and also to the previous corresponding quarter. The increase in production of gold and bauxite led to the increase.

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The frozen poultry, meat and canned fish index stood at 102.4. 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. 

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The dairy products including ice-cream index stood at 95.6. The index showed an increase when compared to the previous quarter and also to the previous corresponding quarter. The increase in production is to accommodate demand in the upcoming religious and festive season.

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The rice, flour & other grain mill products index stood at 118.0. The index showed an increase when compared to the previous quarter and also to the previous corresponding quarter.  

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The sugar index stood at 9.3. The index showed an increase when compared to the previous quarter but a decline when compared to the previous corresponding quarter. The volume of production reflects the start of the crushing season.

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The alcoholic drinks index stood at 117.9. The index showed a decline when compared to the previous quarter but an increase when compared to the previous corresponding quarter.  

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The non-alcoholic drinks & cigarettes index stood at 104.2. The index showed an increase when compared to the previous quarter and also to the previous corresponding quarter. The increase in non-alcoholic drinks production led to the overall increase.

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The wearing apparel index stood at 144.0. The index showed a decline when compared to the previous quarter but an increase when compared to the previous corresponding quarter. The productions of wearing apparel are largely dependent on orders received.

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The saw-milling & planing of wood and manufacture of products of wood, cork plaiting material index stood at 182.2. The index showed an increase when compared to the previous quarter and also to the previous corresponding quarter. Higher levels of production were to meet increased demand from overseas markets.

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The paper & paper board, other articles of paper and printing index stood at 102.7. The index showed an increase when compared to the previous quarter and also to the previous corresponding quarter.

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The cement, concrete products, cutting & shaping of stone, basic metal and casting of metal index stood at 141.5. The index showed an increase when compared to the previous quarter and also to the previous corresponding quarter. An increase in construction activities during the quarter was a factor that led to an increase in the index.

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The manufacture of furniture index stood at 90.9. The index showed a decline when compared to the previous quarter and also to the previous corresponding quarter.  

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The electricity index stood at 117.7. The index showed a decline when compared to the previous quarter but an increase when compared to the previous corresponding quarter.

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The water index stood at 112.7. The index showed an increase when compared to the previous quarter and also to the previous corresponding quarter.

Click below to download Quarterly Industrial Production Index from the year 2012.

xlsQuarterly Industrial Production Index40.5 KB

IPI for September Quarter of 2014 will be available in December 2014.

For further enquiries please contact Mr. Krishneel Sami on email or Telephone 3315822, ext 132.