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Production line in a factory
Saudi Arabia’s Industrial Production Index (IPI) grew 15.7% year-on-year (YoY) in September 2022.
Data issued by the General Authority for Statistics (GASTAT) shows that Saudi IPI rose to 138.5 points in September 2022, according to the base year 2010, compared to 119.8 points in the year-ago period.
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% |
March |
129.51 |
+24.8% |
April |
130.17 |
+26.7% |
May |
131.78 |
+24.0% |
June |
133.08 |
+20.8% |
July |
135.23 |
+17.7% |
August |
139.09 |
+16.8% |
September |
138.50 |
+15.7% |
The mining and quarrying activity rose by 14.2% YoY as the Kingdom increased its oil production to reach its highest level of more than 11 million barrels per day in September.
The manufacturing activity recorded a 22% YoY increase, while the electricity supply activity rose by 5.5% YoY.
IPI by Activity in September 2022 |
|||
Main Sectors |
September 2021 |
September 2022 |
Change |
Mining & Quarrying |
118.80 |
135.70 |
+14.2% |
Manufacturing |
119.90 |
146.30 |
+22.0% |
Electricity Supply |
143.20 |
151.10 |
+5.5% |
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