• 4.5% monthly increase in General IPI.
• 5.6% monthly increase recorded 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 May 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), May 2019 amounted to 106.2 points, increased by 4.5% compared to the previous month (April-2019), and decreased by 0.6%, when compared to the corresponding month of 2018.
The analysis of the monthly IPI of the above activities as follows:
1. “Mining”: The index of this sector showed an increase by 5.6% compared to the previous month (April-2019), as a result of the increase in the quantities of "crude oil and natural gas" by 5.6%, while "Other mining and quarrying" showed a decrease by 3.0%. When compared to the corresponding month of the previous year (May-2018), the IPI of Mining decreased by 0.2%.
2. “Manufacturing”: The index of this sector showed a decrease by 1.1% compared to the previous month (April-2019), The groups showing decreases include: "Manufacture of food products” by 4.2%, “Manufacture of Cement and other non-metallic mineral products” by 4.1%, "Manufacture of chemicals and chemical products" by 2.2%, “Manufacture of rubber and plastics products” by 0.2%. However an increase was recorded in three groups: “Manufacture of basic metals” by 3.0%, “Manufacture of refined petroleum products” by 1.9%,"Manufacture of beverages" by 0.1%. No change noticed in “Printing and reproduction of recorded media”.
On the other hand, in terms of annual change, comparing to May 2018, a decrease of 1.7% was recorded, affected by the following groups: “Manufacture of Cement & other non-metallic mineral products" by 13.6%, “Manufacture of refined petroleum products” by 8.7%, “Manufacture of rubber and plastics products” by 3.4%, “Manufacture of chemicals and chemical products” by 3.0%, "Printing and reproduction of recorded media” by 2.6%, “Manufacture of food products” by 2.4%. However an increase recorded in “Manufacture of basic metals” by 25.6%, and "Manufacture of beverages" by 6.4%.
3. “Electricity”: An increase of 13.0% in the production of “Electricity” group between May 2019 and the previous month (April -2019), while the annual decrease that is comparing with May 2018, was 13.0%.
4. “Water” : When compared May 2019 with the previous month, an increase of 5.9% was noticed. Comparing with corresponding month (May-2018), a decrease of 3.9% was recorded.
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