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Increases were also recorded in the wearing apparel (except footwear) industry (+5.2%); and the textiles (including knitting) industry (+4.5%).
On the other hand, slight decreases of 1.2% and 0.8% were recorded in the food, beverages and tobacco industry; and the chemical, rubber, plastic and non- metallic mineral products industry respectively.
Compared with the fourth quarter of 1994, the index of industrial production showed a notable decrease of 18.7%. This decrease was, however, largely seasonal as the first quarter is usually a low season for manufacturing production due to the Lunar New Year Holidays.
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.
More detailed information can be obtained from the "Quarterly Index of Industrial Production, 1st Quarter 1995" report, which is on sale at $11 a copy at the Government Publications Centre, Low Block, ground floor, Queensway Government Offices, 66 Queensway, Hong Kong, or at the Census and Statistics Department Publications Section, 19th floor, Wanchai Tower, 12 Harbour Road, Wan Chai. Regular subscription may also be arranged.
Enquiries about the survey result may be directed to the General Economic Surveys Section of the Census and Statistics Department on tel 2805 6643.
The following table shows the percentage changes in the indices of industrial production. As from the first quarter of 1992, the Hong Kong Standard Industrial Classification (HSIC) is used to form the industry groups and component industries.
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