Index of Production, December 2015

10 Feb 2016 02:57 PM

Main points

• Total production output is estimated to have decreased by 0.5% between Quarter 3 (July to Sep) 2015 and Quarter 4 (Oct to Dec) 2015. This decrease was larger than the forecasted decrease of 0.2% contained within the Gross Domestic Product: Preliminary Estimate, Quarter 4 (Oct to Dec) 2015.
• The largest contribution to the total production quarterly decrease came from mining & quarrying, which decreased by 2.3%, while manufacturing output remained unchanged during the same period.
• Total production output is estimated to have increased by 1.0% between 2014 and 2015. Of the 4 main sectors, manufacturing output was the only one to fall, decreasing by 0.2%.
• Total production output is estimated to have decreased by 0.4% in December 2015 compared with December 2014. The largest contribution to the fall came from manufacturing, which decreased by 1.7%.
• Total production output is estimated to have decreased by 1.1% between November 2015 and December 2015. There were decreases in 3 of the 4 main sectors, with mining & quarrying having the largest contribution, decreasing by 4.0%.
• Manufacturing output decreased by 0.2% in December 2015 compared with November 2015. The largest contribution to the decrease came from the manufacture of wood, paper products & printing, which decreased by 2.1%.
• In Quarter 4 (Oct to Dec) 2015, production and manufacturing were 9.8% and 6.5% respectively below their figures reached in the pre-downturn GDP peak in Quarter 1 (Jan to Mar) 2008.

Get all the tables for this publication in the data section of this publication.