Manufacturing remains the top contributor to GDP growth
Manufacturing grew by
8.0 percent in the first quarter of 2018, higher than the previous year’s growth of 7.7 percent.
Among the industries, Radio, Television and Communication Equipment and Apparatus expanded by
22.4 percent. Other contributors to the growth were: Food Manufactures, 2.7 percent; Petroleum and Other Fuel Products, 17.1 percent; Office, Accounting and Computing Machinery, 31.2 percent; and Non-Metallic Mineral Products, 16.5 percent.
On the other hand, the following industries pulled down the industry’s growth: Transport equipment,
6.3 percent; Tobacco manufactures, 23.1 percent; Textile Manufactures, 4.7 percent; Chemical & Chemical Products, 0.2 percent; and Rubber and Plastic Products, 0.8 percent.