- 1.5% monthly increase in General IPI.
- 1.7% monthly increase recorded in IPI of Mining sector.
- 1.2% monthly increase in IPI of manufacturing sector.
Ministry of Development Planning and Statistics (MDPS), has issued a press release for April 2018 of industrial production index to study and analyze the economic level of the state. This index details out the growth of various industrial sectors in an economy such as "Mining", "Manufacturing", "Electricity production and "Water production and desalination". It is a short-term quantitative index that measures the changes in the volume of production of a selected basket of industrial products over a given period with respect to that in a chosen period called the base period.
The Industrial Production Index consists of three main components: mining with a relative importance of 83.6%, manufacturing with a relative importance of 15.2%, electricity with a relative importance of 0.7%, and finally water with a relative importance of 0.5%.
The Industrial Production index (IPI), April 2018 amounted to 105.0 points, increased by 1.5% compared to the previous month (March -2018), while it is increased by 1.4%, when compared to the corresponding month of 2017.
The analysis of the monthly IPI of the above activities is as follows:
1. "Mining": The index of this sector showed an increase by 1.7% compared to the previous month (March of 2018), as a result of the increase in the quantities of crude oil and natural gas produced by 1.6%, and "Other mining and quarrying" by 0.7%. When compared to the corresponding month of the previous year (April 2017), the IPI of Mining increased by 1.1%.
2. "Manufacturing": An increase of 1.2% is recorded in April 2018 compared to the previous month (March-2018), because of the increase in production of three groups: "Manufacture of beverages" by 8.5%, "Manufacture of refined petroleum products " by 6.8%, and "Manufacture of chemicals and chemical products" by 1.9%. However a decrease was recorded in five other groups : "Manufacture of basic metals" by 9.3%, "Printing and reproduction of recorded media" by 5.7%, "Manufacture of food products" by 3.2%, "Manufacture of Cement & other non-metallic mineral products" by 2.1%, and "Manufacture of rubber and plastics products" by 1.0%".
On the other hand, in terms of annual change, comparing to April 2017, an increase of 4.6% was recorded, affected by the following groups: "Manufacture of refined petroleum products" by 39.7%, "Manufacture of food products" by 10.3%, "Manufacture of basic metals" by 9.1%, "Manufacture of beverages" by 6.3%, "Manufacture of rubber and plastics products" by 6.2%. However a decline recorded in, "Manufacture of Cement & other non-metallic mineral products" by 2.8%, "Printing and reproduction of recorded media" by 2.6%, " Manufacture of chemicals and chemical products " by 2.1%.
3. "Electricity": An increase of 8.7% in the production of "Electricity" group between April 2018 and the previous month (March-2018), while the annual decrease ( comparing with April 2017), was 16.4%.
4. "Water" : When compared April 2018 with the previous month, a decrease of 2.2% was noticed, while a comparing with corresponding month(2017) in the previous year, a 11.9% decrease was recorded. The Graph (4) shows IPI of "Electricity" and "Water supply" sectors, during April of 2017 until April of 2018.
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