Industrial production up in June

The industrial production (IIP) has increased by 0.4% in June, 2018 compared to the same month in 2017 according to Department of Census and Statistics. The IIP reported for the month of June 2018 and 2017 were 104.8 and 104.4 respectively.

The manufacturing industries; manufacture of coke and refined petroleum products, manufacture of fabricated metal products and manufacture of textiles have shown remarkable increases of 33.7%, 19.1% and 15.6% respectively in volume of production of these industries during the month of June, 2018 compared to that of June, 2017. The volume of food products has increased by 0.8%.

However, manufacturing industries: volume of manufacture of paper and paper products, Manufacture of electrical equipment’ and ‘Manufacture of basic pharmaceutical products and pharmaceutical preparations’ have reported decreases by 27.4%, 24.0% and 18.1% respectively during this period.

The industrial production of the manufacturing sector for the second quarter of 2018 has increased by 0.6% compared to the same quarter in 2017.