HK Q2 manufacturing output index rises 2%

HONG KONG-- Hong Kong's industrial production index for the second quarter rose two percent from a year ago, compared with the 3.5 percent growth in the first quarter, the city's statistics department said Thursday.

The corresponding producer price index increased 8.9 percent from a year earlier, following an 8.2 percent year-on-year rise in the first quarter.

The output volume in the food, beverages and tobacco industry rose 9.8 percent, followed by the paper products, printing and reproduction of recorded media industry's 1.3 percent, according to the data.

On the other hand, the output volume in the textiles industry fell 13.5 percent, the wearing apparel industry decreased 9.6 percent, and the metal, computer, electronic and optical products, machinery and equipment industry lost 9.4 percent.

All the major manufacturing industries recorded year-on-year increases in the producer prices, with the metal, computer, electronic and optical products, machinery and equipment industry rising the most by 14.4 percent.

The producer prices in the textile industry advanced 10.6 percent, the food, beverages and tobacco industry climbed 5.2 percent, and the paper products, printing and reproduction of recorded media industry added 2.5 percent.