• 2.5% monthly increase in General IPI.
• 2.2% monthly increase recorded in IPI of Mining sector.
• 4.8% monthly increase in IPI of manufacturing sector.
Ministry of Development Planning and Statistics (MDPS), has issued a press release for August 2018 of industrial production index to study and analyze the economic level of the state. This index details 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 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), August 2018 amounted to 110.4 points, increased by 2.5% compared to the previous month (July-2018), and increased by 4.7%, when compared to the corresponding month of 2017.
The analysis of the monthly IPI of the above activities as follows:
1. “Mining”:
The index of this sector showed an increase by 2.2% compared to the previous month (July of 2018), as a result of the increase in the quantities of "crude oil and natural gas" by 2.2%, while "Other mining and quarrying" showed a decrease by 1.6%. When compared to the corresponding month of the previous year (August 2017), the IPI of Mining increased by 5.7%.
2. “Manufacturing”:
An increase of 4.8% is recorded in August 2018 compared to the previous month (July-2018), because of the increase in production of three groups namely: "Manufacture of chemicals and chemical products" by 8.4%, “Manufacture of basic metals” by 3.2%, and “Manufacture of beverages” by 1.1%. However a decrease was recorded in other five groups which are “Manufacture of rubber and plastics products” by 4.6%, “Manufacture of refined petroleum products” by 4.3%, “Manufacture of Cement & other non-metallic mineral products” by 2.6%, “Printing and reproduction of recorded media” by 1.4%, and “Manufacture of food products” by 0.8%.
On the other hand, in terms of annual change, comparing to August 2017, an increase of 2.0% was recorded, affected by the following groups: “Manufacture of rubber and plastics products” by 7.1%, "Manufacture of beverages" by 4.0%, Manufacture of chemicals and chemical products”, and “Manufacture of basic metals” by 3.3% each, However a decrease recorded in, “Manufacture of food products” by 7.9%, followed by “Manufacture of Cement & other non-metallic mineral products" by 3.9%, "Printing and reproduction of recorded media” by 3.4%, and “Manufacture of refined petroleum products” by 1.9% .
3. “Electricity”:
A decrease of 0.1% in the production of “Electricity” group between August 2018 and the previous month (July-2018), while the annual decrease (comparing with August 2017), was 11.8%.
4. “Water” :
When compared August 2018 with the previous month, a decrease of 4.9% was noticed. Comparing with corresponding month( August 2017), a decrease of 17.4% was recorded.
