A production line in a factory
Saudi Arabia’s Industrial Production Index (IPI) rose by 10.3% to 124.2 points in November 2021, with 2010 used as the base year, compared to 112.6 points in November 2020, data from the General Authority for Statistics (GASTAT) showed.
This annual growth is the second highest level over the last three years, which reflected the industrial production improvement in three sectors, namely, mining, quarries and manufacturing industries, including power and gas.
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% |
|
November |
124.20 |
+10.30% |
The index increase was attributed to the rise in the mining and quarrying activity index by 10.4%% by the end of November.
The manufacturing industry index and electricity supply index appreciated by 9.7% and 11.9%, respectively, in November 2021.
|
IPI by Activity in November 2021 |
|||
|
Main activities |
Nov. 2020 |
Nov. 2021 |
Variation |
|
Mining & quarrying |
110.3 |
121.8 |
+10.4% |
|
Manufacturing |
120.5 |
132.2 |
+9.7% |
|
Electricity supply |
110.7 |
123.8 |
+11.9% |
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.
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