Production line in a factory
Saudi Arabia’s Industrial Production Index (IPI) accelerated by 3.2% year-on-year (YoY) in April.
Data issued by the General Authority for Statistics (GASTAT) showed that Saudi IPI rose to 134.4 points in April, according to the base year 2010, compared to 130.2 points in the year-ago period.
The index extended its positive growth trends, driven by higher production in the mining and quarrying as well as manufacturing activities, GASTAT said.
The IPI measures the relative change and reflects the production quantities of materials and goods that have been converted from raw materials to consumables in their final form as goods for the purpose of achieving a monetary return.
The following table shows the development of the index:
|
IPI* |
||
|
Period |
Index (Points) |
YoY Change |
|
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 |
139.09 |
+16.8% |
|
September |
138.50 |
+15.7% |
|
October |
138.97 |
+14.1% |
|
November |
134.83 |
+8.6% |
|
December |
134.38 |
+7.3% |
|
January 2023 |
134.50 |
+6.8% |
|
February |
134.58 |
+6.0% |
|
March |
134.85 |
+4.1% |
|
April |
134.40 |
+3.2% |
*Updated data according to GASTAT.
Mining and quarrying activity rose by 0.2% YoY as the Kingdom’s oil production surpassed 10 million barrels per day in April.
Manufacturing activity maintained growth, jumping 11% YoY. The electricity and gas supply activity also saw an increase of 26% YoY.
The following table shows IPI values by activity:
|
IPI by Activity |
|||
|
Main Sectors |
April 2022 |
April 2023 |
Change |
|
Mining & Quarrying |
128.30 |
128.56 |
+0.2% |
|
Manufacturing |
141.50 |
156.40 |
+11% |
|
Electricity & Gas Supply |
89.96 |
112.94 |
+26% |
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