Industrial production up 4.1% YoY in 4Q

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By 2018-02-13

Industrial production in the manufacturing sector for the fourth quarter (Q4) of 2017 increased by 4.1% Year-on-Year (YoY) compared to the same quarter in 2016, the Department of Census and Statistics (DSS) stated in its Index of Industrial Production (IIP) report released yesterday. According to the IIP report, Q4 2017 recorded a total of 108.4 points for production in the industrial sector.

From manufacturing industries, 'fabricated metal products' contributed to 24.9% of the total volume of products during Q4 2017. This was a substantial increase compared to the contribution it made in Q4 2016.
However, products under 'beverages' contributed to 16.7%, which was a sharp decrease compared to the same period in 2016.

The DSS further noted that the volume of industrial production in December 2017 increased in 4.3% YOY compared to the same period in 2016.

The quantity of 'fabricated metal products' contributed to 25.1% of production volume in December 2017, during which time, the manufacture of 'rubber and plastic products' recorded a contribution of 10.9%, while 'basic metal products' contributed 9.7%. All three categories saw significant increases compared to volumes in December 2016.

However, the manufacture of 'basic pharmaceutical products' contributed to only 27.3%, which was a sharp decrease compared to 2016.

The DSS further noted that the volume of industrial production in December 2017 increased in 4.3% YoY compared to the same period in 2016.

The quantity of 'fabricated metal products' contributed to 25.1% of production volume in December 2017, during which time, the manufacture of 'rubber and plastic products' recorded a contribution of 10.9%, while 'basic metal products' contributed 9.7%. All three categories saw significant increases compared to volumes in December 2016.

However, the manufacture of 'basic pharmaceutical products' contributed to only 27.3%, which was a sharp decrease compared to 2016.

(ZG)

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