10 September 2012 08:54 [Source: ICIS news]
This growth in the industrial production index was supported by the manufacturing sub-index, which grew by 5.5% year on year in July this year, following the 4.8% growth in June, the Department of Statistics said in a statement.
The petroleum, chemical, rubber and plastic products segment of the manufacturing sub-index saw a 9.9% year-on-year increase in output, it said.
This growth in output is in line with the 6.8% year-on-year increase in chemicals exports in July, based on earlier data.
On a seasonally adjusted month-on-month basis, the country’s industrial production index fell by 4.7% in July, compared with the 1.9% fall in June, as all the three components of the index shrank, it said.
The manufacturing sub-index fell 3.4% in July from a month earlier, the electricity sub-index fell by 1.8% and the mining sub-index shrank by 10.2% on a seasonally adjusted basis, the statistics department added.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections