• 1.5% monthly decrease in General IPI.
• 1.0% monthly decrease recorded in IPI of Mining sector.
• 3.1% monthly decrease in IPI of manufacturing sector.
Ministry of Development Planning and Statistics (MDPS), has issued a press release for November 2017 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), for November 2017 amounted to 103.9 points, decreased by 1.5% compared to the previous month (October -2017), but The Industrial Production index (IPI) increased 7.1%, when compared to the corresponding month of 2016. Graph (1) illustrates the time series of the IPI and monthly rates of change since November of 2016 until November of 2017.
The analysis of the monthly IPI of the above activities is as follows:
1. “Mining”: The index of this sector showed a decrease by 1.0% compared to the previous month (October of 2017), as a result of the decrease in the quantities of crude oil and natural gas produced by 1.0%, and an increase in "Other mining and quarrying" by 4.4%. When compared to the corresponding month of the previous year (November 2016), the IPI of Mining increased by 7.2%.
“Manufacturing”: An decrease of 3.1% is recorded in November 2017 compared to the previous month (October-2017), and that was due to the decrease in production of three groups: “Manufacture of Beverages” by 9.5%,“Manufacture of chemicals and chemical products” by 6.7%, and “Manufacture of food products” by 1.5%". However an increase was recorded in five groups : “Manufacture of Cement & other non-metallic mineral products” by 9.6%, “Manufacture of Basic metals” by 7.7%, Printing and reproduction of recorded media" by 7.2%, “Manufacture of Rubber and plastic products” by 4.9%, and “Manufacture of refined petroleum products” by 0.1%.
. Graph (3) shows the trend of IPI of manufacturing sector during November of 2016 until November of 2017.
On the other hand, in terms of annual change, comparing to November 2016, an increase of 6.1% was recorded, affected by the following groups: “Manufacture of refined petroleum products” by 35.1%, “Manufacture of food products” by 19.9%, “Manufacture of basic metals” by 15.5%, “Manufacture of Beverages” by 2.4%, “Manufacture of chemicals and chemical products” by 0.4%, "Printing and reproduction of recorded media" by %0.2. However a decline recorded in, “Manufacture of Cement & other non-metallic mineral products” by 11.7%, and Manufacture of Rubber and plastic products” by 8.3%.
2. “Electricity”: A decrease of 19.9% in the production of “Electricity” group between November 2017 and the previous month (October-2017), while the annual increase ( comparing with November 2016) , was a 14.9%.
3. “Water” : When comparing November 2017 with the previous month, a decrease of 7.5% was noticed, And a decrease of 2.0 % was recorded when comparing with corresponding month(November 2016) in the previous year. The Graph (3) shows IPI of “Electricity” and “Water supply” sectors, during November of 2016 until November of 2017.
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