Volume of industrial production up by 4.4% | Daily News

Volume of industrial production up by 4.4%

The volume of industrial production (IP) has increased by 4.4% in the month of November, 2017 compared to the same month in 2016. IIP reported for the month of November 2017 and 2016 were 108.9 and 104.3 respectively.

The manufacturing industries; ‘Coke and refined petroleum products’, ‘Fabricated metal products’ and ‘Basic pharmaceutical products’ have shown remarkable increases of 26.5%, 23.6% and 17.0% respectively in their volume of production duringthe month of November, 2017 compared to that of November, 2016. The volume of food products has increased by 3.4%.

However, the volume of the manufacturing industries; ‘beverages’, ‘wood and product of wood and furniture reported decreases in the month of November 2017 by 21.8%, 12.2% and 11.1% respectively during this period according to a communiqué issued by the Department of Census and Statics.


 

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