EL.STAT. - Hellenic Statistical Authority

11/09/2018 | Press release | Distributed by Public on 11/09/2018 04:13

Production Index in Industry (2010=100.0), September 2018

HELLENIC REPUBLIC HELLENIC STATISTICAL AUTHORITY

Piraeus, 09 November 2018

PRESS RELEASE

INDUSTRIAL PRODUCTION INDEX: September 2018, y-o-y increase of 2.0%

The evolution of the Industrial Production Index (IPI) with base year 2010=100.0 in September 2018, on the basis of provisional and working day adjusted data, is as follows:

The Overall Industrial Production Index in September 2018 recorded an increase of 2.0% compared with September 2017.

The corresponding annual rate of change of the Overall IPI in September 2017 was 4.1% (Table 1).

The average Overall Industrial Production Index for the period from January to September 2018 recorded an increase of 0.9% compared with the average IPI of the period from January to September 2017 (Table 2).

The seasonally adjusted Overall Industrial Production Index in September 2018 recorded a decrease of 0.9% compared with August 2018 (Table 4).

Graph 1. Evolution of annual rates of change (y-o-y) of the Industrial Production Index and the Manufacturing Production Index (%)

12

10 8 6 4 2 0

-2 -4 -6

Industrial Production Index (y-o-y)

Manufacturing Production Index (y-o-y)

Information:

Economic and Short-Term Indices Division Production Indices Section

Diamantaki Aikaterini, Thymoglou Georgia Tel: +30 213 135 2122, +30 213 135 2737

Fax: +30 213 135 2738

E-mail: [email protected], [email protected]

The following graphs depict the evolution of the seasonally and non-seasonally adjusted Overall Industrial Production Index, as well as the monthly rates of change (m-o-m) of the seasonally adjusted index.

Graph 2. Evolution of the Industrial Production Index

(2010=100.0)

110

100

90

80

70

1

3

5

7 9 11

1 3 5 7 9 11

1 3 5 7 9 11

1 3 5 7 9 11

1 3 5 7 9 11

1 3 5 7 9 11

1 3 5 7 9

2012

2013

2014

2015

2016

2017

2018

Non seasonally adjustedSeasonally adjusted

Graph 3. Evolution of the monthly rates of change (m-o-m) of the seasonally adjusted Industrial Production Index (%)

-6 1

8

5.9

6

4

2

0

-2 -1.5

-4

Seasonally adjusted Industrial Production Index (m-o-m)

It should be noted that the time series with the seasonally adjusted indices is recalculated every time a new observation is added in the time series. Therefore, the seasonally adjusted data differ from the data published in the previous Press

Release.

Evolution of the Industrial Production Index in September 2018

I. Annual changes: September 2018/ September 2017 (Table 1)

The 2.0% increase of the working day adjusted Overall IPI in September 2018, compared with the corresponding index in September 2017, is due to the annual changes of the sub-indices in the following industrial sections:

1.

Increase of:

  • 1.3% in the Manufacturing Production Index. The increase was the result of the annual changes of the sub-indices in the following 2-digit divisions: leather and related products, wood and cork, computers, electronic and optical products, furniture, repair and installation services of machinery and equipment.

  • 10.7% in the Electricity Production Index.

  • 2. Decrease of:

  • 14.7% in the Mining and Quarrying Production Index. The decrease was the result of the annual changes of the sub-indices in the following 2-digit divisions: mining of coal and lignite, mining of metal ores.

  • 2.2% in the Water Supply Production Index.

II. Rates of change of the average index in the period January - September 2018 compared with the corresponding index of the period January - September 2017 (Table 2)

The 0.9% increase of the working day adjusted Overall IPI in the 9-month period January - September 2018, compared with the corresponding index in January - September 2017, is due to the corresponding rates of change of the sub-indices in the following industrial sections:

1.

Increase of:

  • 2.1% in the Manufacturing Production Index.

  • 2. Decrease of:

  • 0.1% in the Mining and Quarrying Production Index.

  • 2.3% in the Electricity Production Index.

  • 2.4% in the Water Supply Production Index.

III. Monthly changes: September 2018/ August 2018 (Table 4)

The 0.9% decrease of the seasonally adjusted Overall IPI in September 2018, compared with the corresponding index in August 2018, is due to the monthly changes of the sub-indices in the following industrial sections:

1.

Decrease of:

  • 11.7% in the Mining and Quarrying Production Index.

  • 2.4% in the Manufacturing Production Index.

  • 2. Increase of:

  • 3.3% in the Electricity Production Index.

  • 2.9% in the Water Supply Production Index.

The following graph depicts the evolution of the Industrial Production Index and the Industrial Sections Indices.

Graph 4. Evolution of the Industrial Production Index and the Industrial Section Indices

(2010=100.0)

130

120

110

100 90

80

70

60

50

1

2

3

4

5

  • 6 7

8

9 10 11 12

1 2 3 4 5 6 7 8 9 10 11 12

1 2 3 4 5 6 7 8 9

2016

2017

2018

Table 1. Annual rates of change of the Industrial Production Index

(Working day adjusted data, according to the real number of working days)

Base year: 2010=100.0

September

Rate of change (%)

Code

OVERALL INDEX

Division

MAIN INDUSTRIAL GROUPINGS

2018*

2017

2016

2018/2017

2017/2016

98.47

96.54

92.77

2.0

4.1

76.73

89.93

77.42

-14.7

16.2

63.60

82.18

59.83

-22.6

37.4

165.55

77.39

158.05

113.9

-51.0

84.40

102.84

91.22

-17.9

12.7

94.37

103.40

103.42

-8.7

-0.02

100.66

99.39

96.07

1.3

3.5

96.16

99.23

96.10

-3.1

3.3

88.10

86.02

75.01

2.4

14.7

85.55

93.94

111.46

-8.9

-15.7

62.45

67.48

72.24

-7.5

-6.6

45.14

42.88

48.48

5.3

-11.5

64.14

57.61

63.94

11.3

-9.9

54.58

46.33

46.42

17.8

-0.2

96.54

104.18

102.06

-7.3

2.1

46.20

43.28

48.71

6.7

-11.1

139.23

132.99

141.12

4.7

-5.8

115.82

112.88

109.00

2.6

3.6

139.00

130.64

109.99

6.4

18.8

95.20

91.91

98.56

3.6

-6.7

63.85

62.54

67.96

2.1

-8.0

161.46

155.27

106.10

4.0

46.3

88.18

83.54

86.47

5.6

-3.4

155.92

104.16

107.42

49.7

-3.0

46.41

75.63

77.50

-38.6

-2.4

90.38

105.23

99.40

-14.1

5.9

64.16

70.19

90.42

-8.6

-22.4

68.44

68.37

86.60

0.1

-21.1

61.47

55.84

57.09

10.1

-2.2

91.79

104.69

82.38

-12.3

27.1

60.11

53.39

54.96

12.6

-2.9

96.74

87.39

83.84

10.7

4.2

96.74

87.39

83.84

10.7

4.2

102.52

104.81

105.69

-2.2

-0.8

102.52

104.81

105.69

-2.2

-0.8

1

Energy

105.98

100.91

99.53

5.0

1.4

2

Intermediate goods

98.01

98.69

90.90

-0.7

8.6

3

Capital goods

76.82

70.80

74.53

8.5

-5.0

4

Consumer Durables

52.33

58.98

60.00

-11.3

-1.7

5

Consumer Non-Durables

96.02

96.41

91.13

-0.4

5.8

* Provisional data

B

MINING AND QUARRYING

05

Mining of coal and lignite

06

Extraction of crude petroleum and natural gas

07

Mining of metal ores

08

Other mining and quarrying products

C

MANUFACTURING

10

Food

11

Beverages

12

Tobacco products

13

Textiles

14

Wearing apparel

15

Leather and related products

16

Wood and cork

17

Paper and paper products

18

Printing and recording services

19

Coke and refined petroleum products

20

Chemicals and chemical products

21

Basic pharmaceutical products and pharmaceutical preparations

22

Rubber and plastic products

23

Other non-metallic mineral products

24

Basic metals

25

Fabricated metal products

26

Computers, electronic and optical products

27

Electrical equipment

28

Machinery and equipment n. e. c.

29

Motor vehicles, trailers and semi-trailers

30

Other transport equipment

31

Furniture

32

Other manufactured goods

33

Repair and installation services of machinery and equipment

D

ELECTRICITY

35

Production and distribution of electricity

E

WATER SUPPLY

36

Treatment and supply services of natural water

Note: The indices are rounded up to two decimal figures when published and percentage changes up to one decimal figure when published.