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MANUFACTURING | Staff Reporter, Hong Kong
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Manufacturing industrial production index up 1.1% in Q1

Output volume from food, beverages and tobacco industry rose 2.4%.

The index of industrial production for manufacturing industries grew at a faster pace after edging up 1.1% YoY and 1.3% QoQ in Q1, according to the Census & Statistics Department. 

Also read: PMI plunges to 47.8 in May as orders dry up and costs mount

Output volume was led by an increase in production from the food, beverages and tobacco industry which rose 2.4%.

On the other hand, there was a 0.8% decrease in output volume for the metal, computer, electronic and optical products, machinery and equipment industry.

A 5.9% increase in producer prices was registered in the metal, computer, electronic and optical products, machinery and equipment industry. The producer prices in food, beverages and tobacco industry along with paper products and printing and reproduction of recorded media industry also inched up 1.9% and 1.2% respectively.

However, there was a 0.3% decrease in producer prices for the textile and wearing apparel industry.

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