XN000022-1994-07-15 — Page 13

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FRIDAY, JULY 15, 1994

AND

RECOMMENDED

UNEMPLOYMENT BY THE

IN THE SURVEY, THE DEFINITIONS USED IN MEASURING

FOLLOW UNDEREMPLOYMENT INTERNATIONAL LABOUR ORGANISATION.

CLOSELY THOSE

DETAILED ANALYSIS OF LABOUR FORCE CHARACTERISTICS IS GIVEN

PUBLISHED REPORT THE

ON THE GENERAL HOUSEHOLD SURVEY WHICH IS TIMES A YEAR. THE NEXT REPORT COVERING THE QUARTER ENDING JUNE WILL BE AVAILABLE AT THE GOVERNMENT PUBLICATIONS CENTRE BY THE END SEPTEMBER AT $24 A COPY,

IN

FOUR

1994 OF

-

INDEX OF INDUSTRIAL PRODUCTION FOR FIRST QUARTER 1994

THE INDEX OF INDUSTRIAL PRODUCTION IN THE FIRST QUARTER OF THIS YEAR DECREASED SLIGHTLY BY 0.9% OVER THE SAME QUARTER LAST YEAR,

BY TO THE RESULTS OF A SURVEY RELEASED TODAY (FRIDAY) ACCORDING

THE

CENSUS AND STATISTICS DEPARTMENT.

THE PRODUCTION OF THE FOOD,

BEVERAGES AND TOBACCO INDUSTRY

GROUP REGISTERED A MODERATE INCREASE OF 6.3%.

A MILD INCREASE OF 5.6% WAS ALSO RECORDED IN THE BROAD INDUSTRY GROUP OF ELECTRICAL AND ELECTRONIC PRODUCTS, MACHINERY, PROFESSIONAL

AND OPTICAL GOODS. WITHIN THIS GROUP, EQUIPMENT

PRODUCTION OF THE MACHINERY, EQUIPMENT,

INCREASED APPARATUS, PARTS AND COMPONENTS 6.2%

THE PRODUCTION OF CONSUMER ELECTRICAL AND ELECTRONIC PRODUCTS DECREASED SLIGHTLY BY 0.9%.

WHEREAS

BY

MEANWHILE, OUTPUT OF THE PAPER PRODUCTS AND PRINTING INDUSTRY GROUP INCREASED SLIGHTLY BY 1.4%.

ON THE OTHER HAND, A SIGNIFICANT DECREASE OF 11.9% WAS RECORDED NON-METALLIC IN THE INDUSTRY GROUP OF CHEMICALS, RUBBER, PLASTIC AND MINERAL PRODUCTS. THE DECREASE WAS LARGELY ATTRIBUTABLE TO A DROP 22% IN THE PRODUCTION OF PLASTIC PRODUCTS.

OF

DECREASES WERE ALSO RECORDED IN THE BASIC METALS AND FABRICATED METAL PRODUCTS INDUSTRY (-6.7%); TEXTILES (INCLUDING KNITTING) INDUSTRY 1-3.1%); AND WEARING APPAREL (EXCEPT FOOTWEAR) INDUSTRY (-3.2%).

COMPARED WITH THE FOURTH QUARTER OF 1993, THE INDEX OF

SHOWED A INDUSTRIAL PRODUCTION

NOTABLE DECREASE OF 21.3%. THIS

DECREASE WAS,

LARGELY SEASONAL AS HOWEVER,

IS FIRST QUARTER USUALLY A LOW SEASON FOR MANUFACTURING PRODUCTION DUE TO THE LUNAR NEW YEAR HOLIDAYS.

THE

THE

VOLUME

LOCAL OF

OF INDEX OF INDUSTRIAL PRODUCTION REFLECTS CHANGES MANUFACTURING OUTPUT IN REAL TERMS. IN OTHER WORDS, IT MEASURES

OF PRODUCTION AFTER DISCOUNTING THE EFFECT

LOCAL

THE PRICE

CHANGES.

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