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                               Provisional 
                    Statistics of Index of Industrial Production and Producer 
                    Price Indices for Manufacturing Industries for the First Quarter 
                    of 2003  
                              According to statistics released 
                                by the Census and Statistics Department on 17th 
                                September, comparing the first quarter of 2003 
                                with a year earlier, the paper products and printing 
                                industry show increase (11.7%) in 
                                indices of industrial production and decrease 
                                (-2.1%) in producer 
                                price indices. 
                              
                  Indices of industrial 
                    production  
                              Indices of industrial production 
                                reflect changes in the volume of local manufacturing 
                                output after discounting the effect of price changes. 
                                The price changes are measured by the producer 
                                price indices for manufacturing industries compiled 
                                from data on producer prices of industrial goods/services 
                                collected from the same survey. 
                              
                  Producer price indices 
                              Producer price indices reflect 
                                the prices of local manufacturing output. They 
                                measure the actual prices (net of any discounts 
                                or rebates allowed to buyers, plus any surcharges) 
                                received by manufacturers. Transportation and 
                                other incidental charges are not included. 
                              Source: Census 
                                & Statistics Department 
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