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 From Hong Kong's Information Services Department
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June 15, 2006
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Manufacturing

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Q1 industrial production index up 7%
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Census & Statistics Department

The industrial production index rose 7% in the first quarter of 2006 over the same period last year, against a 5.9% year-on-year rise in the fourth quarter of 2005, the Census & Statistics Department says.

 

The producer price index rose 2.1% in the first quarter, compared with the 1.1% year-on-year rise in the fourth quarter last year.

 

Compared with a year earlier, the apparel (except footwear) industry saw the largest increase in output (+35.8%), followed by the textiles (including knitting) industry (+11.3%), the chemical, rubber, plastic and non-metallic mineral products industry (+10.2%), the food, beverages and tobacco industry (+5.8%), the paper products and printing industry (+3.4%), and the electrical and electronic products, machinery, professional equipment and optical goods industry (+2.3%).

 

Falls in output were recorded for the basic metals and fabricated metal products industry (-0.5%).

 

On a seasonally adjusted basis, the index of industrial production for the manufacturing sector as a whole fell 0.9% in the first quarter as compared with the fourth quarter of 2005.

 

Producer price increases were seen in the fabricated metal products (except machinery and equipment) industry (+9.5%), wearing apparel (except footwear) industry (+0.9%), and the consumer electrical and electronic products industry (+0.1%).

 

Falls in producer prices were recorded for the machinery, equipment, apparatus, parts and components industry (-11.5%), the plastic products industry (-1.6%), and the textiles (including knitting) industry (-0.4%), while producer prices for the paper products and printing industry remained virtually unchanged.

 

Comparing the first quarter of 2006 with the fourth quarter of 2005, the producer price index for the manufacturing sector as a whole rose 0.8%.