Africa-Press – Cape verde. The industrial production index (IPI) registered, in 2022, a variation of 5.3 percent (%) with the indices of prices in production and turnover in the industry registered variations of 16.1% and 23, 0 %, respectively, advanced today the National Institute of Statistics.
The data are contained in the Short-Term Industry Indicators for the year 2022 and show that the evolution of the industrial production price index was particularly influenced by the grouping of the electricity, gas, steam, hot and cold water and cold air and industry industries manufacturing, with contributions to the aggregate index variation of 9.3 and 5.2 pp respectively.
With regard to the turnover index, it registered a variation of 23.0%, but the mining and quarrying industries registered a negative variation in turnover of 44.8%.
“The turnover in the manufacturing industries section registered a variation of 10.6% and the sections of electricity, gas, steam, hot and cold water and cold air and water treatment and distribution, registered variations of 43.0% and 17.2%, respectively” says the report.
Still last year, the respective annual variations of the indexes of employment and hours worked in industry were 1.0% and 1.8%, respectively.
“The extractive industries section recorded negative variations of 13.1% in relation to the employment index and 12.6% in relation to the hours worked index. In the manufacturing industries section, there was an annual variation of 1.2% in the Employment index and 1.6% in the hours worked index”, explains the report.
In the electricity, gas, steam, hot and cold water and cold air and water treatment and distribution sections, annual variations were recorded in the employment index of 1.1% and 0.5%, and in the hours worked index there were variations of 1.8% and 4.4%.
With regard to the annual change rate of remuneration in industry, it was 5.7%, with extractive industries and manufacturing industries registering variations in the remuneration index of – 7.8% and 5.7%.
“The sections of Electricity, gas, steam, hot and cold water and cold air and Collection, Treatment and distribution of water, registered variations of 3.8% and 15.4%, respectively”, added the same source.
IPI, what is it?
The IPI is an indicator whose purpose is to measure variations in the production volume of industries at short and regular intervals.
This index, according to INE, gives a measure of the trend in value added at factor cost, over a given reference period and the indices are obtained based on the Monthly Survey of Industrial Production, carried out with statistical units selected from companies headquartered in the national territory.
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