- 7.3% monthly decrease in General IPI.
- 7.7% monthly decrease in IPI of Mining sector.
- 4.2% monthly decrease recorded in IPI of manufacturing sector.
Planning and Statistics Authority has issued a press release for February 2021 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), February2021 amounted to 99.3 points, decreased by 7.3% compared to the previous month (January 2021), and decreased by 2.1%, when compared to the corresponding month in 2020.
The analysis of the monthly IPI of the above activities as follows:
1. “Mining”: The index of this sector showed a decrease by 7.7% compared to the previous month (January 2021), as a result of the decrease in the quantities of "crude oil petroleum and natural gas" by 7.7%, while "Other mining and quarrying" showed an increase by 0.8%. When compared to the corresponding month of the previous year (February 2020), the IPI of Mining decreased by 1.6%.
2.“Manufacturing”: The index of this sector showed a decrease by 4.2% compared to the previous month (January 2021), The groups showed a decrease include: "Manufacture of beverages" by 9.5%, followed by “Manufacture of refined petroleum products” by 9.1%, ‘’ Printing and reproduction of recorded media’’ by 8.0%, “Manufacture of food products” by 6.7%, “Manufacture of chemicals and chemical products" by 3.7%,“Manufacture of Cement and other non-metallic mineral products” by 3.3%, "Manufacture of basic metals” by 1.2%. However, an increase recorded in “Manufacture of rubber and plastics products” by 1.7%.
On the other hand, in terms of annual change, comparing to February2020, a decrease of 4.0% was recorded, affected by the following groups: ‘’Printing and reproduction of recorded media’’ by 82.4%, followed by "Manufacture of beverages" by 23.5%, “Manufacture of food products” by 8.8%, “Manufacture of basic metals” by 8.7%, and “Manufacture of chemicals and chemical products” by 5.1%. However, an increase recorded in “Manufacture of Cement & other non-metallic mineral products" by 16.6%, “Manufacture of rubber and plastics products” by 10.7%, and “Manufacture of refined petroleum products” by 5.3%.
3. “Electricity”: A decrease of 10.3% was noticed in the production of “Electricity” between February 2021 and the previous month (January 2021), while the annual decrease when comparing with February 2020, was 3.6%.
4. “Water”: A decrease of 17.4% was noticed in the production of ‘'Water'' between February 2021 and the previous month (January 2021). Comparing with corresponding month (February 2020), a decrease of 12.2% was recorded.
