The Index of Industrial Production (IIP) values released for the third quarter 2016, saw the volume of industrial production increasing by 3.8% in the month of July 2016 compared to the annual average index of 2015.
The Production of industry reported increase in productions for the months of August and September the index compiled were 3.5% and 1.6% respectively.
The industrial production of the manufacturing sector for the third quarter of 2016 has increased by 3.0% compared to average production in 2015.
The manufacturing of food products reported to be the major contributor for the total industrial value added (35.2%) of the country and followed by wearing apparels (19.8%) and non- metallic mineral products (7.8%). Furniture industry (20.9%), Basic pharmaceutical products showed remarkable increases (20.3%) in productions during July 2016 compared to the average monthly production in 2015. The volume of food products has decreased by 1.0 % in July and it has increased by 3.0% and 0.5% in August and September 2016 respectively. Coke and refined petroleum products showed an increase in July but in August and September decreased by 4.1% and 3.3% respectively.
0 comments: