In the first quarter of 2023, the overall index of industrial production decreased by 19.6% compared to the previous quarter and grew by 0.2% when compared to the corresponding quarter of 2022.
The index for the year ending first quarter 2023, which is the average of quarterly indices for the period under review, grew by 6.9%. This is explained by expansions in “Mining and quarrying” (+7.6%), “Manufacturing” (+6.6%), “Electricity, gas, steam and air conditioning supply” (+4.4%) and “Water supply; sewerage, waste management and remediation activities” (+2.6%).
Manufacturing output, which covers the production of a wide range of goods, represented 85% of the output of the industrial sector in 2018. For analysis purposes, “Manufacturing” is broken down into the following broad groups:
• Sugar milling representing 1.3% of manufacturing output
• EOE (40%)
• Non–EOE (59%)
