Production line in a factory
Saudi Arabia’s Industrial Production Index (IPI) fell by 1.6% year-on-year (YoY) in June.
Data issued by the General Authority for Statistics (GASTAT) showed that Saudi IPI retreated to 130.89 points in June, according to the base year 2010, compared to 133.08 points in the year-ago period.
The manufacturing activity and the electricity and gas supply activity continued to rise. However, the decrease in the mining and quarrying activity contributed to the decline in the general index, due to its high weight in the index, GASTAT said.
The IPI measures the relative change and reflects the production quantities of materials and goods, which 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% |
|
May |
130.18 |
(1.2%) |
|
June |
130.89 |
(1.6%) |
The mining and quarrying activity dropped by 6.5% YoY as the Kingdom’s oil production was cut to 9.9 million barrels per day in June.
The manufacturing activity maintained growth, jumping 10.1% YoY. The electricity and gas supply activity also saw an increase of 25% YoY.
The following table shows IPI value by activity:
|
IPI by Activity |
|||
|
Main Sectors |
June 2022 |
June 2023 |
Change |
|
Mining & Quarrying |
130.83 |
122.35 |
(6.5%) |
|
Manufacturing |
141.80 |
156.10 |
+10.1% |
|
Electricity & Gas Supply |
122.90 |
153.64 |
+25% |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}