MANUFACTURING | Staff Reporter, Hong Kong

Manufacturing industrial production index up 1.6% in Q2

Food, beverages and tobacco output volume led the quarterly growth.

The index of industrial production for manufacturing industries picked up at a faster pace after rising from 1.1% in Q1 to 1.6% in Q2, according to the Census & Statistics Department. 

Output volume was led by an increase in production from the food, beverages and tobacco industry which rose 3.2% in Q2.

Also read: Accommodation and retail sectors lead Q2 charge in business receipts

On the other hand, there was a 1.3% decrease in output volume for the metal, computer, electronic and optical products, machinery and equipment industry.

The corresponding producer price index rose 3.8% in Q2 on the back of steady growth amongst most major manufacturing industries led by metal, computer, electronic and optical products, machinery and equipment industry which rose 5.1%.

The producer prices of paper products, printing and reproduction of recorded media industry; food, beverages and tobacco industry; and textiles and wearing apparel industry also rose 2.8%, 1.6% and 1.4% respectively.

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