Traditional Chinese Simplified Chinese Email this article news.gov.hk
Provisional statistics on index of industrial production and producer price index for industrial sector for the fourth quarter of 2014 and whole year of 2014
************************************************************

     According to the provisional results of a survey released today (March 13) by the Census and Statistics Department (C&SD), the index of industrial production for manufacturing industries as a whole decreased by 3.7% in the fourth quarter of 2014 compared with the same quarter of 2013, following a 1.7% year-on-year decrease in the third quarter of 2014. The corresponding producer price index decreased by 1.2% in the fourth quarter of 2014 compared with the same quarter of 2013, after a 1.3% year-on-year increase in the third quarter of 2014.

     The index of industrial production for sewerage, waste management and remediation activities decreased by 5.0% in the fourth quarter of 2014 from a year earlier, after a 0.2% year-on-year increase in the third quarter of 2014. The corresponding producer price index increased by 1.4% in the fourth quarter of 2014 over a year earlier, following a 5.6% year-on-year increase in the third quarter of 2014.

     Indices of industrial production reflect changes in the volume of local industrial output after discounting the effect of price changes. The price changes are measured by the producer price indices compiled from data on producer prices of selected industrial goods/services collected in the same survey.

     Comparing the industrial production in respect of major manufacturing industries in the fourth quarter of 2014 with the fourth quarter of 2013, decreases in output volume were recorded in the textiles industry (-30.0%); the wearing apparel industry (-10.1%); and the metal, computer, electronic and optical products, machinery and equipment industry (-7.1%). On the other hand, increases in output volume were recorded in the food, beverages and tobacco industry (+6.4%) and the paper products, printing and reproduction of recorded media industry (+0.5%).

     On a seasonally adjusted basis, the index of industrial production for manufacturing industries as a whole decreased by 0.6% in the fourth quarter of 2014 compared with the third quarter of 2014.

     For 2014 as a whole, the indices of industrial production for manufacturing industries as well as sewerage, waste management and remediation activities edged down by 0.4% and 0.1% respectively compared with 2013.

     Producer price indices reflect changes in the prices of local output. They measure changes in the actual prices (net of any discounts or rebates allowed to buyers, plus any surcharges) received by producers for their output. Transportation and other incidental charges are not included.

     Comparing the fourth quarter of 2014 with the fourth quarter of 2013, a decrease in producer prices was recorded in the metal, computer, electronic and optical products, machinery and equipment industry (-5.5%). On the other hand, the textiles industry had the largest increase in producer prices (+3.6%), followed by the paper products, printing and reproduction of recorded media industry (+3.5%); the food, beverages and tobacco industry (+2.4%); and the wearing apparel industry (+1.1%).

     For 2014 as a whole, the producer price index for manufacturing industries decreased by 1.7% while the producer price index for sewerage, waste management and remediation activities increased by 3.3% compared with 2013.

     Table 1 shows the year-on-year percentage changes in the indices of industrial production by selected industry grouping. Table 2 shows the year-on-year percentage changes in the producer price indices for the industrial sector by selected industry grouping.

     The revised figures on indices of industrial production and producer price indices for the industrial sector for the fourth quarter of 2014 and the whole year of 2014 will be released at the website of the C&SD (www.censtatd.gov.hk/hkstat/sub/bbs.jsp) and relevant publications of the Department starting from April 20, 2015.

     Users can download the reports on "Quarterly Index of Industrial Production, 4th Quarter 2014", and "Quarterly Producer Price Index for Industrial Sector, 4th Quarter 2014" free of charge at the website of the C&SD (www.censtatd.gov.hk/hkstat/sub/sp310.jsp?productCode=B1070002 and www.censtatd.gov.hk/hkstat/sub/sp280.jsp?productCode=B1070003 respectively).

     Readers who have enquiries about the survey results may contact the Industrial Production Statistics Section of the C&SD (Tel: 2805 6643; fax: 2123 1048; email: [email protected]).

Ends/Friday, March 13, 2015
Issued at HKT 16:30

NNNN

Print this page