Mauritius manufacturing sector performs well in April to June quarter
The industrial sector covers mining, manufacturing, electricity, gas, steam and air conditioning supply, as well as water supply, sewerage, waste management and remediation activities, and accounts for around 20% of Gross Domestic Product (GDP). (Image: Invest Mauritius)
Mauritius’ manufacturing output witnessed an increase of 4.1% in the second quarter of 2014 compared to the corresponding period in 2013, according to data from Statistics Mauritius, published today.
The report also showed that the producer price index for the manufacturing sector increased by 0.5% from April 2014 to June 2014.
Incidentally, the Producer Price Index of the Manufacturing sector (PPI-M) measures pure price changes in the effective prices received by producers for output sold on the domestic market, and it excludes exports.
From the latest index of Industrial Production, it emerges that manufacturing output in the second quarter 2014 grew by 14.7% compared to the previous quarter and by 4.1% compared to the corresponding quarter of 2013.
The industrial sector covers mining, manufacturing, electricity, gas, steam and air conditioning supply, as well as water supply, sewerage, waste management and remediation activities, and accounts for around 20% of Gross Domestic Product (GDP).
Manufacturing output accounted for 89% of the output of the industrial sector in 2013 and can be further broken down into 2% from sugar milling; 39% from Export Oriented Enterprises (EOE); and 59% from non-EOE sector.
Statistics Mauritius also noted that the real output of manufacturing expanded by 2.4% in the year ending second quarter 2014 compared to the same period of last year.
This growth in the manufacturing sector is due to expansions of 102% and 5.3% in sugar milling and non-EOE respectively, partly offset by a contradiction of 1.8% in the output of the EOE sector.
On the other hand, the Producer Price Index of manufacturing sector (PPI-M) climbed by 0.5% from 133.4 points in March to 134.1 points in June 2014.
This increase is largely due to higher prices of fabricated metal products which increased by 5.1%.
The PPI-M achieved a 0.2-point rise equivalent to 0.1% in April 2014, 0.1 point (0.1%) in May 2014 and 0.4 point (0.3%) in June 2014.
Data also showed that on a quarterly average, the PPI-M rose by 0.3 point (0.2%), from 133.5 in the first quarter 2014 to 133.8 in the second quarter 2014.
Price of basic metals, food products & beverages, and furniture dropped by 0.6%, 1.5% and 0.4% respectively while price of fabricated metal products and wearing apparel rose by 6.1% and 5.6% respectively.
This in turn affected the average PPI-M for the second quarter of 2014 when compared to the corresponding quarter of 2013, with a decline of 0.5 point or -0.4% from 134.3.
Finally, the average yearly index for the manufacturing sector as a whole was 134.0 in 2013, that is, 6.1 points, or 4.8% higher, than the 127.9 index value prevalent in 2012.