THURSDAY, MAY 7, 1992
INDEX OF INDUSTRIAL PRODUCTION FOR FOURTH QUARTER 1991
THE INDEX OF INDUSTRIAL PRODUCTION INCREASED BY 0.8% IN 1991 WHEN COMPARED WITH 1990, ACCORDING TO A SURVEY CONDUCTED BY THE CENSUS AND STATISTICS DEPARTMENT.
IN THE FOURTH QUARTER OF 1991, THE INDEX WAS ALSO 0.8% HIGHER THAN IN THE SAME QUARTER OF 1990.
BEARING IN MIND THAT THE COMPARISON COULD BE AFFECTED SEASONAL FACTORS, THE INDEX WAS 1.5% HIGHER IN THE FOURTH QUARTER 1991 THAN IN THE PRECEDING QUARTER.
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TAKING 1991 AS A WHOLE, A SIGNIFICANT INCREASE OF 10.4% IN PRODUCTION WAS RECORDED IN THE BROAD INDUSTRY GROUP OF PAPER PRODUCTS AND PRINTING OVER THE PRECEDING YEAR. THE NEXT LARGEST INCREASE, AT 4.3%, WAS FOUND IN THE TEXTILES (INCLUDING KNITTING) INDUSTRY.
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ON THE OTHER HAND, A DROP OF 5.6% IN PRODUCTION WAS FOUND IN THE BROAD INDUSTRY GROUP OF CHEMICALS RUBBER, PLASTIC AND NON- METALLIC MINERAL PRODUCTS; AND A FALL OF 3.6% IN THE WEARING APPAREL (NOT INCLUDING KNITWEAR AND FOOTWEAR) INDUSTRY.
IN THE FOURTH QUARTER OF 1991, SIGNIFICANT INCREASES IN PRODUCTION WERE ALSO RECORDED IN THE BROAD INDUSTRY GROUP OF PAPER PRODUCTS AND PRINTING AND IN THE TEXTILES (INCLUDING KNITTING) INDUSTRY, AT 11.3% AND 9.5% RESPECTIVELY, WHEN COMPARED WITH THE SAME QUARTER A YEAR AGO.
ON THE OTHER HAND, SIGNIFICANT DECREASES IN PRODUCTION WERE FOUND IN THE WEARING APPAREL (NOT INCLUDING KNITWEAR AND FOOTWEAR) INDUSTRY AND THE BROAD INDUSTRY GROUP OF ELECTRICAL AND ELECTRONIC PRODUCTS, PROFESSIONAL EQUIPMENT AND OPTICAL GOODS, AT 8.1% AND 2.5% RESPECTIVELY.
THE INDEX OF INDUSTRIAL PRODUCTION IS PRIMARILY INTENDED TO REFLECT THE CHANGES OVER TIME OF LOCAL MANUFACTURING OUTPUT IN REAL TERMS. IN OTHER WORDS, THE VOLUME OF LOCAL PRODUCTION IS MEASURED AFTER DISCOUNTING THE EFFECT OF PRICE CHANGES.
DETAILED INFORMATION CAN BE FOUND IN THE "REPORT ON THE QUARTERLY INDEX OF INDUSTRIAL PRODUCTION, 4TH QUARTER 1991", WHICH IS ON SALE AT 93 A COPY AT THE GOVERNMENT PUBLICATIONS SALES CENTRE, GENERAL POST OFFICE BUILDING, CONNAUGHT PLACE, CENTRAL, OR AT THE CENSUS AND STATISTICS DEPARTMENT PUBLICATIONS SALES COUNTER, 19TH FLOOR, WANCHAI TOWER I, 12 HARBOUR ROAD, WAN CHAI.
REGULAR SUBSCRIPTION MAY ALSO BE ARRANGED.
ENQUIRIES ABOUT THE SURVEY MAY BE DIRECTED TO THE INDUSTRIAL RESEARCH SECTION OF THE CENSUS AND STATISTICS DEPARTMENT ON 839 3250.
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