November index of industrial production decreased by 4.7%

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November index of industrial production decreased by 2.4 and 4.7%Provisional data shows that the November index of industrial production decreased by 2.4 and 4.7 per cent when compared with October 2009 and the corresponding month of 2008 respectively.

Monthly comparison

When comparing November 2009 with the previous month, the index of industrial production decreased by 2.4 per cent to 98.1 points. All the main industrial groupings reported a drop in production when compared to the previous month, with the exception of the production of Intermediate goods, which rose marginally by 0.9 per cent over October 2009. The production of goods in these sectors experienced a decline ranging from 1.1 per cent in Consumer Durables to 5.6 per cent in Capital goods.

Annual comparison

Year-on-year data shows that industrial production fell by 4.7 per cent, from 103.0 points in November 2008. The production of Capital goods and Consumer non-Durables decreased by 30.6 and 8.2 per cent respectively. On the other hand, the production of Consumer Durables, Energy and Intermediate goods added 21.9, 2.9 and 1.1 per cent respectively.

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