A factory production line
Saudi Arabia’s Industrial Production Index (IPI) rose by 11.9% to 110.16 points in June 2021, compared to 98.45 points in June 2020, with 2010 used as the base year, data from the General Authority for Statistics (GASTAT) showed.
IPI measures relative change and reflects the progress of production volumes of materials and goods, which is converted from raw materials into finally produced consumables in the form of commodities, for the purpose of achieving a return.
|
Industrial Production General Index |
||
|
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 |
+0.5% |
|
June |
110.16 |
+11.9% |
Meanwhile, the indices of manufacturing industry and electricity supply retreated 4% and 11%, respectively, as shown in the following table:
|
Industrial Production General Index by Activities |
|||
|
Main Sections |
June 2020 |
June 2021 |
Variation |
|
Mining & Quarrying Activity |
91.98 |
109.75 |
+19% |
|
Manufacturing |
114.52 |
109.70 |
(4%) |
|
Electricity Supply |
139.52 |
124.33 |
(11%) |
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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