A manufacturing facility in Saudi Arabia
Saudi Arabia’s Industrial Production Index (IPI) rose by 11.1% to 125.9 points in January, with 2010 used as the base year, compared to 113.3 points in January 2021, 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 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% |
The index increase was driven by the rise in the mining and quarrying activity by 11%% by the end of January.
The manufacturing and electricity supply sectors gained by 10% and 16%, respectively, in January 2022.
|
IPI by Activity in January 2022 |
|||
|
Main activities |
January 2021 |
January 2022 |
Change |
|
Mining & Quarrying |
111.9 |
124.7 |
+11% |
|
Manufacturing |
121.7 |
133.5 |
+10% |
|
Electricity supply |
85.1 |
98.4 |
+16% |
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