15 Jun 2024

Last update 11 / 05 / 2023

Industrial Production Index Increases by 4.1% during March 2023

General Authority for Statistics (GASTAT) issued, on its official website www.stats.gov.sa, the results of the Industrial Production Index (IPI) for March 2023. (IPI) increased by 4.1% in March 2023, compared to March 2022, according to the publication. This increase mainly originated from the increase in mining, quarrying,  manufacturing, and electricity and gas supply activity.

Mining and quarrying activity index increased by 1.6% in March 2023, compared to the same month in the previous year (March 2022). Manufacturing activity also increased by 10.5% in March 2023, compared to March 2022. Electricity and gas supply went up by 16.6% compared to March 2022, according to the monthly publication.  

It is noteworthy that 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.

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