The Industrial Production Index (IPI) for June 2007 increased marginally by 0.5% to 136.5 as compared with 135.8 reported in the corresponding month of 2006. The growth was attributed to the rise in the Electricity index, 3.1% (156.9 from 152.2); Mining index, 1.1% (111.6 from 110.4) and Manufacturing index, 0.2% (143.0 from 142.7). The increase in the Manufacturing sector was led by the higher indices registered by the Refined Petroleum Products and Basic Chemicals Groups.
The IPI for the current month was down 0.4% compared to the previous month (137.0). The decrease was due to the lower indices registered in the Electricity and Mining sectors by 5.2% (May, 2007: 165.5) and 4.2% (May, 2007: 116.5) respectively. The Manufacturing index, however rose 1.2% (May, 2007: 141.3).
The IPI registered an increase of 1.5% (134.9) for the second quarter of 2007 as compared with the index of 132.9 a year ago. The Mining index grew 4.7% (112.9 from 107.8); Electricity index rose 4.6% (160.3 from 153.2) and Manufacturing index slightly up by 0.4% (140.0 from 139.5).
On a quarter-to-quarter comparison, the IPI was up 3.0% (131.0). The Electricity and Manufacturing sectors registered expansions of 5.5% (1st Quarter, 2007: 152.0) and 3.6% (1st Quarter, 2007: 135.2) respectively, while the Mining sector was virtually unchanged at 112.9.
The IPI for the first six months of 2007 rose 0.9% to 132.9 as compared with 131.7 reported in the same period a year ago. This expansion was in line with the positive change attained by all components: Electricity index, 4.1% (156.1 from 149.9); Mining index, 1.3% (112.9 from 111.5) and Manufacturing index, 0.5% (137.6 from 136.9).
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