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Index of industrial production for third quarter 1994
The index of industrial production for the third quarter of this year increased slightly by 0.5% over the same quarter last year, according to the results of a survey released today (Monday) by the Census and Statistics Department.
The production of the food, beverages and tobacco industry group registered a moderate increase of 4.9%.
A moderate increase of 4.1% was also recorded in the industry group of electrical and electronic products, machinery, professional equipment and optical goods.
Within this group, the production of consumer electrical and electronic products increased by 4.3% while the production of machinery, equipment, apparatus, parts and components increased slightly by 1.8%.
Small increases were recorded in the textiles (including knitting) industry (1.5%); basic metals and fabricated metal products industry (1.1%); and wearing apparel (except footwear)industry (0.7%).
On the other hand, a decrease of 7.5% was recorded in the industry group of chemical, rubber, plastic and non-metallic mineral products. Within this group, the production of plastic products recorded a notable decrease of 19.0%.
The production of the paper products and printing industry group decreased marginally by 0.2%.
Compared with the second quarter of 1994, the index of industrial production showed a notable increase of 13.7%.
This increase was, however, partly seasonal as manufacturing activities usually entered into peak season in the third quarter.
The index of industrial production reflects changes of local manufacturing output in real terms. In other words, it measures the volume of local production after discounting the effect of price changes.