Saudi industrial production index up 7.7% in October

A production line in a plant

Saudi Arabia’s Industrial Production Index (IPI) rose by 7.7% to 121.78 points in October 2021, with 2010 used as the base year, compared to 113.06 points in October 2020, data from the General Authority for Statistics (GASTAT) showed.

The IPI measures relative change and reflects the progress of production volumes of materials and goods, which is converted from raw materials into final consumables in the form of commodities, for the purpose of achieving a return.

The following table shows the development of the industrial production index:

Industrial Production Index (IPI)
Period	Index (Points)	YoY Variation
January 2020	121.72	(6.68%)
February	121.89	(5.72%)
March	121.45	(3.29%)
April	135.24	+7.04%
May	105.73	(15.52%)
June	98.45	(22.24%)
July	108.52	(13.41%)
August	112.58	(11.59%)
September	112.41	(7.52%)
October	113.06	(13.51%)
November	112.60	(10.00%)
December	112.62	(7.60%)
January 2021	113.33	(6.89%)
February	103.85	(14.80%)
March	103.80	(14.54%)
April	102.72	(24.04%)
May	106.29	+0.53%
June	110.16	+11.89%
July	114.89	+5.87%
August	119.05	+5.75%
September	119.76	+6.54%
October	121.78	+7.71%

The index increase was attributed to the rise in the mining and quarrying activity index by 9% by the end of October, as the Kingdom hiked oil production to 9.7 million barrels per day (bpd) during the month from 8.9 million bpd in October 2020.

The manufacturing industry index and electricity supply index appreciated by 4% and 5%, respectively, in October 2021.

IPI by Activity in October 2021
Main activities	October 2020	October 2021	Variation
Mining & quarrying	110.3	120.3	+9%
Manufacturing	119.9	124.7	+4%
Electricity supply	130.8	137.0	+5%

The GASTAT defines manufacturing industries as industries whose activity involves the conversion of raw materials into finished products or intermediate products. Electricity, gas and water supply industries are known for electricity and gas delivery, as well as water supply, sewage, waste management and treatment activities. Extractive industries are involved in the process of extracting raw materials from the ground, and these industries rely on natural materials that cannot be replenished or compensated, such as oil and minerals.

Details and historical data for macroeconomic

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