Index of Production and Construction, Quarter 1 2010

The Index of Production and the Index of Construction for Wales show the short term movements in the output of industries in the production and construction sectors within Wales including new data for the three months to March relating to the first quarter of 2010.

Statistics on the Index of Production and Construction include data for Wales and the UK for the period up to Quarter 1 2010. The latest release updates the statistics previously released on 30 March 2010.

The key messages from the release are:

• The longer term trend for the Index of Production for Wales shows a fall of 10.1 per cent when comparing the latest four quarters to the previous four quarters.  The UK figures show a fall of 7.2 per cent over the same period.
• The longer term trend for the Index of Construction for Wales shows a fall of 8.3 per cent when comparing the latest four quarters to the previous four quarters. The UK figures show a fall of 8.0 per cent over the same period.

This quarter there have been several changes to the source data and methodologies. As a result of this, caution should be taken when interpreting the 2010 quarter 1 estimates. We are therefore advising users to focus on the four quarter on four quarter (longer term) growth rates rather than quarter on quarter changes for this release.

Further information

StatsWales website.

Contact

Tel: 029 2082 5208
E-mail: economic.stats@wales.gsi.gov.uk

Next update

September 2010 (provisional - to be confirmed on 'Due out Soon' page)