- 1.1% monthly increase in General IPI.
- 0.5%. monthly increase in IPI of Mining sector.
- 4.3% monthly increase recorded in IPI of manufacturing sector
Planning and Statistics Authority has issued a new version of press release of industrial production index for June 2022, calculated using 2018 as a base year.
By changing the base year, the relative weight of main economic sectors under this indicator are changed also, therefore “Mining” 82.46%, “Manufacturing” 15.85%, “Electricity production” 1.16%, “Water production” 0.53%. This indicator 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, it study and analyze the economic level of the state, and the growth of various industrial sectors in economy index details.
The Industrial Production index (IPI), June 2022 reached to 99.7points increased by 1.1% compared to the previous month (May 2022), and by 4.6%, when compared to the corresponding month in 2021.
Details of the press release for the sectors that make up the industrial production index:
1. “Mining”: The index of this sector showed an increase by 0.5% compared to the previous month (May 2022), as a result of the increase in the quantities of "crude oil petroleum and natural gas" with the same percentage. While “Other mining and quarrying" increased by 1.9%.
When compared to the corresponding month of the previous year (June 2021), the IPI of Mining increased by 4.7%.
2. “Manufacturing”: The index of this sector showed an increase by 4.3% compared to the previous month (May 2022), The groups showed an increase include: “Manufacture of chemicals and chemical products" by 9.1% followed by “Manufacture of beverages" by 5.8%, “Manufacture of rubber and plastics products” by 3.9%, and “Manufacture of food products” by 0.4%. However, a decrease was recorded in “Manufacture of Cement and other non-metallic mineral products” by 3.2%, “Printing and reproduction of recorded media’’ by 3.0%, “Manufacture of basic metals” by 1.5%, and “Manufacture of refined petroleum products” by 1.2%.
On the other hand, in terms of annual change, comparing to June 2021, an increase of 3.6% was recorded, and that due to the increase in “Manufacture of refined petroleum products” by 23.0%, “Manufacture of beverages" by 13.6%, “Manufacture of chemicals and chemical products” by 5.3%, “Manufacture of rubber and plastics products” by 4.7%, and “Manufacture of food products” by 0.9%. However, a decrease recorded in “Manufacture of basic metals” by 12.0%, ‘’Printing and reproduction of recorded media’’ by 9.1%, and “Manufacture of Cement & other non-metallic mineral products" by 5.0%.
3. “Electricity, gas, supply”: An increase of 10.4% was noticed in the production of “Electricity” between June 2022 and the previous month (May 2022). Comparing with corresponding month (June 2021), an increase of 12.5% was recorded.
4. “Water Supply”: A decrease of 0.3% was noticed in the production of ‘'Water'' between June 2022 and the previous month (May 2022). Comparing with corresponding month (June 2021), an increase of 28.0% was recorded.
