Index of Production
Latest Results - Published 17th December 2014
- Provisional results from the seasonally adjusted Index of Production (IOP) for the third quarter of 2014 show that output levels decreased by 1.4% over the quarter whereas output in the UK as a whole increased by 0.2%.
- In the latest quarter, all of the four main production sectors reported decreases: manufacturing output fell by 1.2%; water supply and waste management decreased by 1.7%; electricity, gas, steam and air conditioning supply fell by 1.0% and mining and quarrying sector dropped by 7.6%.
- Over the year NI production levels increased by 1.6%; the UK recorded a rise of 1.2%.
- Output in the production sector increased by 4.3% over the latest four quarters compared to the previous four quarters and the UK as a whole increased by 1.8%. Over a slightly longer time period, the NI index has recovered some 12.3% from the minimum level reached in Q3 2009. However, the NI index still remains below (-6.0%) the peak recorded in Q2 2008. The UK index reported a greater fall of 9.7% over the same time period.
- The best performing sectors over the latest four quarters were manufacturing (5.0%) and electricity, gas, steam and air conditioning supply (0.5%). Conversely, the worst performing sectors over the latest four quarters were mining & quarrying (-6.3%) and water supply, sewerage and waste management (-0.4%).
Current Press Release
Index of Production Bulletin and Tables
Contact DetailsJennifer McLoughlin
Tel: 02890 529228
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