• 4.8% monthly increase in General IPI.
• 5.4% monthly increase in IPI of Mining sector.
• 1.7% 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 July 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), July 2022 reached to 104.5 points increased by 4.8% compared to the previous month (June 2022), and by 7.8%, 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 5.4% compared to the previous month (June 2022), because of the increase in the quantities of "crude oil petroleum and natural gas" with the same percentage, while “Other mining and quarrying" increased by 1.3%.
When compared to the corresponding month of the previous year (July 2021), the IPI of Mining increased by 8.5%.
2. “Manufacturing”: The index of this sector showed an increase by 1.7% compared to the previous month (June 2022), The groups showed an increase include: “Manufacture of refined petroleum products” by 5.4%, followed by “Manufacture of chemicals and chemical products" by 2.6%, and “Manufacture of basic metals” by 0.5%. However, a decrease was recorded in “Manufacture of Cement and other non-metallic mineral products” by 6.8%, “Manufacture of beverages" by 3.3%, “Printing and reproduction of recorded media’’ by 3.1%, “Manufacture of rubber and plastics products” by 2.0%, and “Manufacture of food products” by 1.9%.
On the other hand, in terms of annual change, comparing to July 2021, an increase of 4.8% was recorded, and that due to the increase in “Manufacture of refined petroleum products” by 14.7%, “Manufacture of beverages" by 12.7%, “Manufacture of rubber and plastics products” by 6.6%, “Manufacture of chemicals and chemical products” by 6.1%, “Manufacture of food products” by 5.6%, and “Manufacture of Cement & other non-metallic mineral products" by 0.2%. However, a decrease recorded in ‘’Printing and reproduction of recorded media’’ by 9.1%, and “Manufacture of basic metals” by 7.4%.
3. “Electricity, gas, supply”: An increase of 7.5% was noticed in the production of “Electricity” between July 2022 and the previous month (June 2022). Comparing with corresponding month (July 2021), an increase of 4.3% was recorded.
4. “Water Supply”: An increase of 1.7% was noticed in the production of ‘'Water'' between July 2022 and the previous month (June 2022). Comparing with corresponding month (July 2021), an increase of 27.1% was recorded.
