- 3.3% monthly decrease in General IPI.
- 3.5% monthly decrease in IPI of Mining sector.
- 2.0% monthly decrease recorded in IPI of manufacturing sector.
Planning and Statistics Authority has issued a press release for February 2020 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), February 2020 amounted to 101.4 points, decreased by 3.3% compared to the previous month (January 2020), and decreased by 3.3%, when compared to the corresponding month of 2019.
The analysis of the monthly IPI of the above activities as follows:
1.“Mining”: The index of this sector showed a decrease by 3.5% compared to the previous month (January 2020), as a result of the decrease in the quantities of "crude oil and natural gas" by 3.6%, while "Other mining and quarrying" showed an increase by 1.6%. When compared to the corresponding month of the previous year (February 2019), the IPI of Mining decreased by 3.2%.
2.“Manufacturing”: The index of this sector showed a decrease by 2.0% compared to the previous month (January 2020), The groups showed decreases include: “Manufacture of refined petroleum products” by 11.7%, followed by "Manufacture of basic metals” by 6.3%, “Manufacture of food products” by 2.4%, "Manufacture of beverages" by 1.6%, and “Manufacture of Cement and other non-metallic mineral products” by 1.3%. However, an increase was recorded in two groups: "Manufacture of chemicals and chemical products" by 1.3%, and “Manufacture of rubber and plastics products” by 1.2%. No change noticed in “Printing and reproduction of recorded media”.
On the other hand, in terms of annual change, comparing to February 2019, a decrease of 3.8% was recorded, affected by the following groups: “Manufacture of refined petroleum products” by 18.6%, “Manufacture of Cement & other non-metallic mineral products" by 5.8%, “Manufacture of food products” by 5.0%, and “Manufacture of chemicals and chemical products” by 4.1%. However, an increase recorded in, “Manufacture of basic metals” by 18.3%,"Manufacture of beverages" by 9.1%, “Manufacture of rubber and plastics products” by 2.8%, and "Printing and reproduction of recorded media” by 1.3%.
3.“Electricity”: A decrease of 5.9% was noticed in the production of “Electricity” between February 2020 and the previous month (January 2020), while the annual decrease when comparing with February 2019, was 11.2%.
4.“Water”: A decrease of 4.2% was noticed in the production of ‘'Water'' between February 2020 and the previous month (January 2020). Comparing with corresponding month (February 2019), a decrease of 4.1% was recorded.
