December index of industrial production declines by 10.9%

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December index of industrial production declines by 10.9%Provisional data shows that the December index of industrial production decreased by 10.9 and 9.9 per cent when compared with November 2009 and the corresponding month of 2008 respectively.

Monthly comparison

When comparing December 2009 with the previous month, the index of industrial production decreased by 10.9 per cent to 89.2 points. All the main industrial groupings reported a drop in production when compared to the previous month, with the exception of the production of energy, which rose by 4.1 per cent over November 2009. The production of goods in these sectors experienced a decline ranging from 5.6 per cent in intermediate goods to 19.4 per cent in capital goods.

Annual comparison

Year-on-year data show that industrial production fell by 9.9 per cent, from 99.1 points in December 2008. The production of consumer durables registered an increase of 36.9 per cent over December 2008. On the other hand, all the other main industrial groupings experienced a drop ranging from 1.0 per cent in energy to 26.5 per cent in capital goods.

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