In the second quarter of 2024, the overall index of industrial production increased by 6.5% compared to the previous quarter and grew by 3.3% when compared to the corresponding quarter of 2023.
The index for the year ending second quarter 2024, which is the average of quarterly indices for the period under review, increased by 2.4%. This is mainly explained by expansions in “Electricity, gas, steam and air conditioning supply » (+5.4%), “Manufacturing » (+2.3%), and “Water supply; sewerage, waste management and remediation activities » (+3.1%).
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%)
