Belfast Telegraph

Statistical Press Release – Index of Production

Stormont Executive press release - Department of Enterprise, Trade and Investment

A National Statistics press release, detailing the latest Index of Production figures, has been published today by the Northern Ireland Statistics & Research Agency (NISRA).

The Index of Production press release can be accessed via
http://www.detini.gov.uk/deti-stats-index/stats-surveys/stats-index-of-production.htm

Main Results for Production sector output

· Provisional results from the Index of Production (IOP) for the second quarter of 2013 reported no change (0.0%) over the quarter and a fall of 0.3%, in real terms, when compared to the same period one year earlier. The equivalent UK figures show that output rose by 0.7% over the quarter and fell over the year by 0.7%.

· Manufacturing, which represents 85% of the index, increased by 1.1% over the quarter and by 0.2% over the year. In the latest quarter, all three of the other main production sectors reported decreases: Electricity fell by 10.1%, Water Supply and Waste Management by 6.0% and Mining and Quarrying by 1.4%. Water Supply and Waste Management fell by 11.6% over the year while the other main sectors increased.

· Output in the Production sector decreased by 3.7% over the latest four quarters compared to the previous four quarters. Over a slightly longer time period, the NI index has recovered some 7.1% from the minimum level reached in Q2 2009. However, the NI index still remains significantly below (-13.8%) the peak recorded in Q4 2007. The UK index reported a similar fall of 13.7% over the same time period.

Notes to editors:

1. The Northern Ireland Index of Production (IOP) provides the most up to date measure of changes in the output of the Manufacturing, Electricity, Gas & Air conditioning, Water supply; Sewerage, Waste Management and Remediation and Mining & Quarrying industries. For most series, the value of sales is deflated to allow for price changes. 
2. The IOP relative weights used to produce the aggregated industries are derived from the Regional Accounts Gross Value Added (GVA) estimate, published annually by ONS. This publication contains seasonally adjusted NI Index of Production data on a 2010=100 basis.

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