Sun, 11 05 1444 | 04 Dec 2022

GASTAT: Industrial Production Index Increases by 17.7% in July 2022

On Monday September 11, 2022, the General Authority for Statistics (GASTAT) revealed the results of Industrial Production Index (IPI) for the month of July 2022. 
The publication results showed that during July 2022, IPI increased by 17.7% compared to the same month of last year (July 2021). This increase can be attributed to the increase in mining, quarrying, manufacturing, and electricity and gas supply.
According to the monthly publication results, the index of mining and quarrying increased by 14.1% in July 2022, compared to the same month of last year (July 2021). The manufacturing activity increased by 32.6% in July 2022, compared to the same month of last year (July 2021). The electricity and gas supply also increased by 5% in July 2022, compared to July 2021. 
The results of the report indicated an increase in the General Industrial Production Index (IPI) by 1.6% in July 2022, compared to June 2022, affected by the increase in mining and quarrying, which increased by a similar percentage in July 2022. The manufacturing and electricity and gas supply increased by 0.3% and 14.6%, respectively.
GASTAT issues a number of Industry-related statistical products, including the Industrial Production Index (IPI), which is an economic indicator that reflects relative changes and evolution in the volume of industrial production quantities based on the data of the industrial production survey. It is implemented monthly and targets industrial establishments operating in the targeted activities, which are mining and quarrying, manufacturing, and electricity and gas supply.