Production line in a factory
Saudi Arabia’s Industrial Production Index (IPI) rose 14.11% year-on-year (YoY) in October 2022.
Data issued by the General Authority for Statistics (GASTAT) shows that Saudi IPI rose to 139 points in October 2022, according to the base year 2010, compared to 121.8 points in the year-ago period.
The following table shows the development of the index:
|
Industrial Production Index (IPI)* |
||
|
Period |
Index (Points) |
YoY Change |
|
Jan. 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% |
|
Jan. 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% |
|
October |
138.97 |
+ 14.1% |
The mining and quarrying activity rose by 12% YoY as the Kingdom increased its oil production to reach more than 10 million barrels per day in October.
The manufacturing activity recorded a 23.2% YoY increase, while the electricity supply activity fell by 1.8% YoY.
|
IPI by Activity in October 2022 |
|||
|
Main Sectors |
October 2021 |
October 2022 |
Change |
|
Mining & Quarrying |
120.30 |
134.70 |
+ 12.0% |
|
Manufacturing |
124.70 |
153.60 |
+ 23.2% |
|
Electricity Supply |
137.01 |
134.50 |
(1.8%) |
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