- 2.7% monthly decrease in General IPI.
- 2.9%monthly decrease in IPI of Mining sector.
- 1.3% monthly decrease recorded in IPI of manufacturing sector.
Planning and Statistics Authority has issued a press release for August 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), August 2020 amounted to 104.2 points, decreased by 2.7% compared to the previous month (July 2020), and decreased by 4.9%, 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 2.9% compared to the previous month (July 2020), as a result of the decrease in the quantities of "crude oil petroleum and natural gas" by 3.0%, while "Other mining and quarrying" showed an increase by 8.5%. When compared to the corresponding month of the previous year (August 2019), the IPI of Mining decreased by 4.7%.
2.“Manufacturing”: The index of this sector showed a decrease by 1.3% compared to the previous month (July 2020), The groups showed a decrease include: "Manufacture of basic metals” by 4.1%, followed by “Manufacture of Cement and other non-metallic mineral products” by 2.5%, “Manufacture of chemicals and chemical products" by 1.8%, and "Manufacture of beverages" by 0.6%. However, an increase recorded in ‘’ Printing and reproduction of recorded media’’ by 7.2%, “Manufacture of rubber and plastics products” by 2.5%, “Manufacture of refined petroleum products” by 2.4%, and “Manufacture of food products” by 0.3%.
On the other hand, in terms of annual change, comparing to August 2019, a decrease of 5.8% was recorded, affected by the following groups: ‘’ Printing and reproduction of recorded media’’ by 85.2%, followed by “Manufacture of basic metals” by 10.2%, “Manufacture of Cement & other non-metallic mineral products" by 9.3%, “Manufacture of refined petroleum products” by 7.7%, and “Manufacture of chemicals and chemical products” by 3.5%. However, an increase recorded in “Manufacture of food products” by 5.0%, "Manufacture of beverages" by 3.3%, and “Manufacture of rubber and plastics products” by 0.2%.
3. “Electricity”: A decrease of 5.4% was noticed in the production of “Electricity” between August 2020 and the previous month (July 2020), while the annual increase when comparing with August 2019, was 1.0%.
4.“Water”: An increase of 0.4% was noticed in the production of ‘'Water'' between August 2020 and the previous month (July 2020). Comparing with corresponding month (August 2019), an increase of 6.3% was recorded.
