A production line in a factory
Saudi Arabia’s Industrial Production Index (IPI) grew 26.7% year-on-year (YoY) in April.
Data issued by the General Authority for Statistics (GASTAT) shows that Saudi IPI rose to 130.17 points in April 2022, according to the base year 2010, compared to 102.72 points in the year-ago period.
The IPI measures relative change and reflects the progress of production volumes of materials and goods, converted from raw materials into final consumables in the form of commodities in order to achieve 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% |
|
March |
129.51 |
+24.8% |
|
April |
130.17 |
+26.7% |
The index increase was driven by a 28.3% rise in the mining and quarrying activity, as the Kingdom increased its oil output to an all-time high at 10 million barrels per day in April 2022.
The manufacturing sectors increased by 25.1%, while electricity supply sector went down by 2%, during the same month.
|
IPI by Activity in April 2022 |
|||
|
Main Sections |
April 2021 |
April 2022 |
Change |
|
Mining & Quarrying |
100.0 |
128.3 |
+28.3% |
|
Manufacturing |
113.1 |
141.5 |
+25.1% |
|
Electricity Supply |
91.8 |
90.0 |
(2.0%) |
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