• 4.1% monthly decrease in General IPI.
• 4.8% monthly decrease  in IPI of Mining sector.
• 1.1% monthly decrease recorded in IPI of manufacturing sector.

 

Planning and Statistics Authority, has issued a press release for October 2019 of  industrial production index to study and analyze  the economic level of the state. This index details  the growth of various industrial sectors in 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 productions 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), October 2019 amounted to 104 points, decreased by 4.1% compared to the previous month (September 2019), and decreased by 2.9%, when compared to the corresponding month of 2018.  Graph (1) illustrates the time series of the IPI and monthly rates of change since October of 2018 until October of 2019. and table (1) shows the monthly and annual comparison of the Industrial Production Index  October, 2019. 

 
The analysis of the monthly IPI of the above activities as follows:
 
1.  “Mining”: The index of this sector showed a decrease by 4.8% compared to the previous month (September 2019), as a result of the decrease in the quantities of "crude oil and natural gas" by 4.8% , while "Other mining and quarrying" showed an increase by 0.1%. When compared to the corresponding month of the previous year (October 2018),  the  IPI  of Mining  decreased  by 3.2%.  Graphs (2) explains the trends of monthly change in the mining sector during October, 2018 until October of 2019.

2. “Manufacturing”: The index of this sector showed a decrease by 1.1% compared to the previous month (September 2019), The groups showed decreases include: “Manufacture of refined petroleum products” by 4.2%, followed by "Manufacture of chemicals and chemical products" by 1.7%, "Manufacture of beverages" by 1.1%, and  "Manufacture of food products” by 0.4%. However an increase was recorded in three groups: "Manufacture of basic metals” by 4.7%, “Manufacture of Cement and other non-metallic mineral products” by 2.1%, and “Manufacture of rubber and plastics products” by 0.9%. No change noticed in “Printing and reproduction of recorded media”.
 Graph (3) shows the trend of IPI of manufacturing sector during  October of 2018 until  October of 2019.
On the other hand, in terms of annual change, comparing to October 2018, a decrease of 1.4% was recorded, affected by the following groups: “Manufacture of refined petroleum products” by 7.0%, “Manufacture of Cement & other non-metallic mineral products" by 5.1%, “Manufacture of food products” by 4.7%, “Manufacture of chemicals and chemical products” by 4.2%, and "Manufacture of beverages" by 2.3%. However an increase  recorded in, “Manufacture of basic metals” by 27.7%, “Manufacture of rubber and plastics products” by 2.0%, and "Printing and reproduction of recorded media” by 1.5%.

3. “Electricity”: A decrease of 0.8% was noticed in the production of  “Electricity” between October 2019  and the previous month (September 2019),  while the annual decrease when comparing with October 2018,  was 1.4%.
4.  “Water”: An increase of 1.1%  was noticed in the production of  ''Water'' between October 2019  and the previous month (September 2019). Comparing with corresponding month (October 2018), an increase of 2.3% was recorded.
The Graph (4) shows IPI of  “Electricity” and “Water supply” sectors, during  October of 2018 until October of 2019.

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