• 1.7% monthly decrease in General IPI.
• 1.5% monthly decrease recorded in IPI of Mining sector.
• 1.7% monthly decrease in IPI of manufacturing sector.
Planning and Statistics Authority, has issued a press release for November 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 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), November 2018 amounted to 106.2 points, decreased by 1.7% compared to the previous month (October-2018), and an increase by 2.2% was recorded, when compared to the corresponding month of 2017. Graph (1) illustrates the time series of the IPI and monthly rates of change since November of 2017 until November of 2018. and table (1) shows the monthly and annual comparison of the Industrial Production Index November, 2018.
The analysis of the monthly IPI of the above activities as follows:
1. “Mining”: The index of this sector showed a decrease by 1.5% compared to the previous month (October of 2018), as a result of the decrease in the quantities of "crude oil and natural gas" by 1.5%, while "Other mining and quarrying" showed an increase by 0.2%. When compared to the corresponding month of the previous year (November 2017), the IPI of Mining increased by 2.7%. Graphs (2) explains the trends of monthly change in the mining sector during November, 2017 until November of 2018.
2. “Manufacturing”: A decrease of 1.7% is recorded in November 2018 compared to the previous month (October-2018), because of the decrease in production of five groups: "Manufacture of beverages" by 11.9%, “Manufacture of refined petroleum products” by 3.5%, "Manufacture of chemicals and chemical products" by 3.0%, “Manufacture of Cement & other non-metallic mineral products” by 0.9%, “Manufacture of food products” by 0.8%, an increase was recorded in three groups: “Manufacture of basic metals” by 8.3%, “Manufacture of rubber and plastics products” by 3.9%, and “Printing and reproduction of recorded media” by 1.0%. Graph (3) shows the trend of IPI of manufacturing sector during November of 2017 until November of 2018. On the other hand, in terms of annual change, comparing to November 2017, an increase of 0.4% was recorded, affected by the following groups: "Manufacture of beverages" by 5.0%, “Manufacture of chemicals and chemical products” by 2.3%, and “Manufacture of rubber and plastics products” by 2.1%. However a fall recorded in "Printing and reproduction of recorded media” by 14.8%, “Manufacture of Cement & other non-metallic mineral products" by 12.9%, “Manufacture of refined petroleum products” by 2.1%, “Manufacture of food products”, and “Manufacture of basic metals” by 0.1% each.
3. “Electricity”: A decrease of 18.9% in the production of “Electricity” group between November 2018 and the previous month (October -2018), while the annual decrease ( comparing with November 2017), was 1.3%.
4. “Water” : When compared November 2018 with the previous month, an increase of 0.5% was noticed. Comparing with corresponding month(November 2017), a decrease of 8.2% was recorded.
The Graph (4) shows IPI of “Electricity” and “Water supply” sectors, during November of 2017 until November of 2018.
For more information click here
