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Hong Kong:Industrial production up by 1.1 % |
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2004-9-20
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The industrial production index for the manufacturing sector rose 1.1 percent in the second quarter of this year compared to a year earlier, following a 1.8 percent year-on-year increase in the first quarter, according to government statistics released Friday.
The corresponding producer price index increased 2.8 percent in the second quarter from a year earlier, the same as the year-on-year increase in the first quarter of 2004.
Comparing the second quarter of 2004 with a year earlier, the electrical and electronic products, machinery, professional equipment and optical goods industry had the largest increase in output, followed by the food, beverages and tobacco industry, the basic metals and fabricated metal products industry, and the wearing apparel industry.
Chemical, rubber, plastic and non-metallic mineral products industry, the textiles industry, and the paper products and printing industry uotputs were down in the second quarter compared with a year earlier.
On a seasonally adjusted basis, the index of industrial production for the manufacturing sector decreased 4.6 percent in the second quarter compared with the first quarter.
Comparing the second quarter with a year earlier, the plastic products industry had the largest increase in producer prices, followed by the machinery, equipment, apparatus, parts and components industry, the fabricated metal products industry, the textiles industry, and the paper products and printing industry.
Decreases in producer prices were recorded for the consumer electrical and electronic products industry and the wearing apparel industry in the second quarter compared with a year earlier.
Comparing the second quarter with the first quarter, the producer price index for the manufacturing sector as a whole increased 0.2 percent. |
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