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Hong Kong Industrial production index falls 4.4%
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09:23, June 14, 2008

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The index of industrial production for the manufacturing sector recorded a 4.4 percent year-on-year fall in this year's first quarter, with the corresponding producer price index rising 5.8 percent, according to a Census and Statistics Department survey released on Friday.

The quarter saw the textiles (including knitting) industry have the largest fall in output, down 22.8 percent, followed by the electrical and electronic products, machinery, professional equipment and optical goods industry (down 14.2 percent) and the apparel (except footwear) industry (down 8.9 percent).

Rises in output were recorded for the basic metals and fabricated metal products industry (up 7.5 percent), the food, beverages and tobacco industry (up 6.9 percent), the chemical, rubber, and plastic and non-metallic mineral products industry (up5.3 percent) and the paper products and printing industry (up 1.7 percent).

For producer prices, the fabricated metal products (except machinery and equipment) industry had the largest rise, up 9.1 percent, followed by the machinery, equipment, apparatus, parts and components industry (up 3.5 percent), the plastic products industry (up 2 percent) and the paper products and printing industry (up 1.9 percent). However, producer prices in the consumer electrical and electronic products industry fell 3.7 percent and the textiles (including knitting) industry dipped 1.6 percent.

Comparing the first quarter with last year's fourth, the producer price index for the manufacturing sector as a whole rose 2.8 percent.

Source: Xinhua



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