Posted on 14 Feb 2008
The Industrial Production Index (IPI) rose 2.3% to 136.3 in 2007 due to the positive growth attained by all the index components, the Statistics Department said yesterday.
In a statement, the department said the electricity index rose 3.9% (158.4 from 152.5), the mining index grew 3.1% (114.7 from 111.2), and the manufacturing index increased 1.9% (141.6 from 139).
An increase of 1.9% in the index of the manufacturing sector for 2007 was contributed by the increase in the indices of 57 out of 86 industries covered by the survey.
The electricity index increased 3.9% for 2007 over 2006 due to the greater generation of electricity, by 102,930 million kilowatt hours (mkwh) from 99,074mkwh, the department said.
The mining index went up by 3.1% due to the increase recorded in the crude oil index of 4.2% (100.8 from 96.7) and natural gas index of 1.4% (149.4 from 147.4), it said.
The tin index, however, decreased 16.2% (30.5 from 36.4).
Meanwhile, the IPI for December 2007 increased 5.9% to 144.3 from 136.3 in the same month of 2006, the department said.
The growth was attributed to the rise in the manufacturing index by 7% (150 from 140.2), mining index 3.3% (123.5 from 119.5), and electricity index 2.4% (159 from 155.3).
It said the IPI for last December was up 3% from the previous month of 140.1.
The increase was due to the positive indices registered in the mining and manufacturing sectors of 6.5% and 2.5% respectively, it said.
The positive growth of 7% in the manufacturing sector was a result of the rise in the indices of 53 out of a total of 86 industries (61.6%) covered by the survey, it added. – Bernama
