Production line in a factory
Saudi Arabia’s Industrial Production Index (IPI) rose 16.8% year-on-year (YoY) in August 2022.
Data issued by the General Authority for Statistics (GASTAT) shows that Saudi IPI rose to 139.1 points in August 2022, according to the base year 2010, compared to 119.05 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 |
139.10 |
+16.8% |
The mining and quarrying activity rose by 15.5% YoY as the Kingdom increased its oil production to reach its highest level of more than 11 million barrels per day in August.
The manufacturing activity recorded a 22% YoY increase, while the electricity supply activity rose by 11.3% YoY.
|
IPI by Activity in August 2022 |
|||
|
Main Sectors |
August 2021 |
August 2022 |
Change |
|
Mining & Quarrying |
117.60 |
135.80 |
+15.5% |
|
Manufacturing |
121.14 |
147.80 |
+22.0% |
|
Electricity Supply |
140.04 |
155.80 |
+11.3% |
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