Provisional Statistics of Index of Industrial Production and
Producer Price Indices for Manufacturing Industries for the
Second Quarter of 2005
************************************************************ According to the provisional results of a survey released today (September 16) by the Census and Statistics Department, the index of industrial production for the manufacturing sector as a whole decreased by 0.1% in the second quarter of 2005 from a year earlier, following a 0.6% year-on-year decrease in the first quarter of 2005. The corresponding producer price index increased by 0.7% in the second quarter of 2005 from a year earlier, higher than the 0.5% year-on-year increase in the first quarter of 2005.
2. Indices of industrial production reflect changes in the volume of local manufacturing output after discounting the effect of price changes. The price changes are measured by the producer price indices for manufacturing industries compiled from data on producer prices of industrial goods/services collected from the same survey.
3. Comparing the second quarter of 2005 with a year earlier, the wearing apparel (except footwear) industry had the largest decrease in output (-21.0%), followed by the textiles (including knitting) industry (-3.9%) and the paper products and printing industry (-3.8%).
4. On the other hand, increase in output was recorded for the basic metals and fabricated metal products industry (+14.5%), the electrical and electronic products, machinery, professional equipment and optical goods industry (+13.0%), the chemical, rubber, plastic and non-metallic mineral products industry (+3.4%), and the food, beverages and tobacco industry (+1.1%) in the second quarter of 2005 over a year earlier.
5. On a seasonally adjusted basis, the index of industrial production for the manufacturing sector as a whole decreased by 1.1% in the second quarter of 2005 as compared with the first quarter of 2005.
6. Producer price indices reflect the prices of local manufacturing output. They measure the actual prices (net of any discounts or rebates allowed to buyers, plus any surcharges) received by manufacturers. Transportation and other incidental charges are not included.
7. Comparing the second quarter of 2005 with a year earlier, the plastic products industry had the largest increase in producer prices (+5.8%), followed by the fabricated metal products (except machinery and equipment) industry (+4.5%) and the wearing apparel (except footwear) industry (+0.4%).
8. On the other hand, decreases in producer prices were recorded for the consumer electrical and electronic products industry (-6.5%), the machinery, equipment, apparatus, parts and components industry (-2.3%), the textiles (including knitting) industry (-1.7%), and the paper products and printing industry (-0.6%) in the second quarter of 2005 compared with a year earlier.
9. Comparing the second quarter of 2005 with the first quarter of 2005, the producer price index for the manufacturing sector as a whole increased by 0.4%.
10. Table 1 shows the year-on-year percentage changes in the indices of industrial production by industry group and selected component industry. Table 2 shows the year-on-year percentage changes in the producer price indices by industry group.
11. The reports containing analysis of survey results for the second quarter of 2005 are available for sale in both print version and download version (in PDF format). Both the "Quarterly Index of Industrial Production, 2nd Quarter 2005" report and the "Quarterly Producer Price Indices for Manufacturing Industries, 2nd Quarter 2005" report are available for sale at $7 per issue. Both print version and download version of the publications can be purchased online at the "Statistical Bookstore, Hong Kong" (http://www.statisticalbookstore.gov.hk). Download version of the publications can be purchased at 75% of its original price exclusively at the online Statistical Bookstore. Print version if purchased online is also offered a discount, at 85% of its original price at the Statistical Bookstore as well as the Government Bookstore (Address : http://www.isd.gov.hk/eng/bookorder.htm).
12. Print version can be purchased through mail order by completing and returning an order form which can be downloaded from the website of the Census and Statistics Department (C&SD) (http://www.info.gov.hk/censtatd/eng/prod_serv/forms_index.html), or in person at the Publications Unit of the C&SD (Address: 19/F, Wanchai Tower, 12 Harbour Road, Wan Chai; Tel.: 2582 3025).
13. Enquiries about the survey results may be directed to the Industrial Production & Tourism Statistics Section of the C&SD at Tel. 2805 6643 or email address ind-production@censtatd.gov.hk.
Producer Price Indices for Manufacturing Industries for the
Second Quarter of 2005
************************************************************ According to the provisional results of a survey released today (September 16) by the Census and Statistics Department, the index of industrial production for the manufacturing sector as a whole decreased by 0.1% in the second quarter of 2005 from a year earlier, following a 0.6% year-on-year decrease in the first quarter of 2005. The corresponding producer price index increased by 0.7% in the second quarter of 2005 from a year earlier, higher than the 0.5% year-on-year increase in the first quarter of 2005.
2. Indices of industrial production reflect changes in the volume of local manufacturing output after discounting the effect of price changes. The price changes are measured by the producer price indices for manufacturing industries compiled from data on producer prices of industrial goods/services collected from the same survey.
3. Comparing the second quarter of 2005 with a year earlier, the wearing apparel (except footwear) industry had the largest decrease in output (-21.0%), followed by the textiles (including knitting) industry (-3.9%) and the paper products and printing industry (-3.8%).
4. On the other hand, increase in output was recorded for the basic metals and fabricated metal products industry (+14.5%), the electrical and electronic products, machinery, professional equipment and optical goods industry (+13.0%), the chemical, rubber, plastic and non-metallic mineral products industry (+3.4%), and the food, beverages and tobacco industry (+1.1%) in the second quarter of 2005 over a year earlier.
5. On a seasonally adjusted basis, the index of industrial production for the manufacturing sector as a whole decreased by 1.1% in the second quarter of 2005 as compared with the first quarter of 2005.
6. Producer price indices reflect the prices of local manufacturing output. They measure the actual prices (net of any discounts or rebates allowed to buyers, plus any surcharges) received by manufacturers. Transportation and other incidental charges are not included.
7. Comparing the second quarter of 2005 with a year earlier, the plastic products industry had the largest increase in producer prices (+5.8%), followed by the fabricated metal products (except machinery and equipment) industry (+4.5%) and the wearing apparel (except footwear) industry (+0.4%).
8. On the other hand, decreases in producer prices were recorded for the consumer electrical and electronic products industry (-6.5%), the machinery, equipment, apparatus, parts and components industry (-2.3%), the textiles (including knitting) industry (-1.7%), and the paper products and printing industry (-0.6%) in the second quarter of 2005 compared with a year earlier.
9. Comparing the second quarter of 2005 with the first quarter of 2005, the producer price index for the manufacturing sector as a whole increased by 0.4%.
10. Table 1 shows the year-on-year percentage changes in the indices of industrial production by industry group and selected component industry. Table 2 shows the year-on-year percentage changes in the producer price indices by industry group.
11. The reports containing analysis of survey results for the second quarter of 2005 are available for sale in both print version and download version (in PDF format). Both the "Quarterly Index of Industrial Production, 2nd Quarter 2005" report and the "Quarterly Producer Price Indices for Manufacturing Industries, 2nd Quarter 2005" report are available for sale at $7 per issue. Both print version and download version of the publications can be purchased online at the "Statistical Bookstore, Hong Kong" (http://www.statisticalbookstore.gov.hk). Download version of the publications can be purchased at 75% of its original price exclusively at the online Statistical Bookstore. Print version if purchased online is also offered a discount, at 85% of its original price at the Statistical Bookstore as well as the Government Bookstore (Address : http://www.isd.gov.hk/eng/bookorder.htm).
12. Print version can be purchased through mail order by completing and returning an order form which can be downloaded from the website of the Census and Statistics Department (C&SD) (http://www.info.gov.hk/censtatd/eng/prod_serv/forms_index.html), or in person at the Publications Unit of the C&SD (Address: 19/F, Wanchai Tower, 12 Harbour Road, Wan Chai; Tel.: 2582 3025).
13. Enquiries about the survey results may be directed to the Industrial Production & Tourism Statistics Section of the C&SD at Tel. 2805 6643 or email address ind-production@censtatd.gov.hk.
Ends/Friday, September 16, 2005
Issued at HKT 16:19
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