Categories: Editor's Picks

2018 Index of Industrial Production shows 6.0% increase

The Central Statistical office CSO says the total Index of Industrial Production (IIP) in the first three quarters of 2018 has shown an increase of 6.0 percent compared to the first three quarters of 2017.
CSO Acting Director for Census and Statistics Goodson Sinyenga says the increase is mainly attributed to significant growths recorded in Mining and quarrying and electricity Generation Industries.
He says the Mining and quarrying industry recorded recorded an increase of 7.4 percent in the period under review compared to a negative growth of 0.2 percent recorded in the first three quarters of 2017.
Mr. Sinyenga adds that Electricity generation and distribution output has shown a 12.2 percent increase in the period January to September 2018 compared to an increase of 26.3 percent in the same period of 2017.
“The Stone quarrying industry went up marginally by 1.5 percent in the first three quarters of 2018 compared to 1.4 percent recorded in the same period of 2017. This is owing to increased production of building sand and crushed stones.” Says the Director.
He explains that “The Index of Industrial Production (IIP) reflects the change of the volume of goods and/or services produced over time. It is an important short-term economic indicator in official statistics.”

_______________________________________________________________________________________

MONEY FM IS ZAMBIA’S FIRST AND ONLY BUSINESS & PERSONAL FINANCE RADIO STATION. WE FOCUS ON BUSINESS AND MONEY-RELATED TOPICS, AS WELL AS GENERAL NEWS AND DISCUSSION OF WIDER SOCIAL TOPICS SUCH AS HEALTH, EDUCATION, FOOD, MUSIC, FITNESS AND MORE.

______________________________________________________________________________________

More From Author

Future-Proofing Your Business Building

News of the Abyssal Wonders discovery has reverberated throughout the scientific community, sparking intense interest…

Read More

Car Enthusiast’s Dream: Exploring High-Performance Models

News of the Abyssal Wonders discovery has reverberated throughout the scientific community, sparking intense interest…

Read More

The Dos and Don’ts of Professional Gatherings

News of the Abyssal Wonders discovery has reverberated throughout the scientific community, sparking intense interest…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

IZB profit up 18.74% to K604.33 million

IZB has posted a K604.33 million Net Profit after tax for the year ended 31st…

Read More

Indo Zambia Bank declares K50 million dividend cheque

This is part of the K125 million dividend, the highest ever for 2023 financial year.…

Read More

Economist expects currency to hit K15 between April, December, 2024

  The Kwacha has been experiencing an unusual decline since introduction of the Export Proceeds…

Read More