A production line in a factory

Saudi Arabia’s Industrial Production Index (IPI) rose by 22.3% to 127.01 points in February, with 2010 used as the base year, compared to 103.85 points in the year-ago period, 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 are 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 index:

 

Industrial Production Index (IPI)

Period

Index (Points)

YoY Change

January 2021

113.33

(6.9%)

February

103.85

(14.8%)

March

103.80

(14.5%)

April

102.72

(24.0%)

May

106.29

+ 0.5%

June

110.16

+ 11.9%

July

114.89

+ 5.9%

August

119.05

+ 5.8%

September

119.76

+ 6.5%

October

121.78

+ 7.7%

November

124.20

+ 10.3%

December

125.20

+ 11.2%

January 2022

125.94

+ 11.1%

February

127.01

+ 22.3%
 
 

The index increase was driven by a 26% rise in the mining and quarrying activity by the end of February.

 

The manufacturing and electricity supply sectors gained by 14% and 11%, respectively, during the same month.

 

IPI by Activity in February 2022

Main Sections

February 2021

February 2022

Change

Mining & Quarrying

100.1

125.7

+ 26%

Manufacturing

119.1

136.2

+ 14%

Electricity Supply

80.1

89.3

+ 11%
 

 

Details and Historical Data for Macroeconomic

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