Industrial production index sees positive signs

January 01, 2013 | 09:30

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The industrial production index in December increased 5 per cent against last month and 5.9 per cent from the same time last year, according to the General Office of Statistics.

For the whole 2012, the industrial production index leapt up by 4.8 per cent from last year, of which mining industry was up by 3.5 per cent, while processing and manufacturing industry and power and gas industry saw a rise of 4.5 per cent and 12.3 per cent, respectively.

In general, industrial production met a number of difficulties in 2012 due to negative impacts of the slowdown of the global economy, reduced domestic consumption and low demands from major importing markets.

However, industrial production began to see positive signs in the ending months; as a result, the industrial production index was on the rise and the inventory index was falling.

The industries that enjoyed fast growth included shipbuilding and floating platform building (up by 136 per cent); telecommunication equipment production (48.3 per cent); spare parts (39.6); electronic device production (23.7); and power production, transmission and supply (12.3).

QDND

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