- IPI indicator stable for Month of October.
- 0.1% monthly decrease in IPI of Mining sector.
- 1.1% monthly increase recorded in IPI of manufacturing sector.
Planning and Statistics Authority has issued a press release for October 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), October 2021 reached to 101.8 points whereas remaining steady compared to the previous month (September 2021), while it is increased by 0.7%, 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 0.1% compared to the previous month (September 2021), as a result of the decrease in the quantities of "crude oil petroleum and natural gas" by 0.1%, and "Other mining and quarrying" showed a decrease by 0.3%. When compared to the corresponding month of the previous year (October 2020), the IPI of Mining decreased by 0.2%.
2. “Manufacturing”: The index of this sector showed an increase by 1.1% compared to the previous month (September 2021), The groups showed an increase include: “Manufacture of refined petroleum products” by 12.6%, and “Manufacture of chemicals and chemical products" by 0.2%. However, a decrease recorded in ‘’Printing and reproduction of recorded media’’ by 27.9%, “Manufacture of basic metals” by 6.2%, “Manufacture of rubber and plastics products” by 3.0%, “Manufacture of beverages" by 2.5%, “Manufacture of food products” by 2.0%, and “Manufacture of Cement and other non-metallic mineral products” by 1.4%.
On the other hand, in terms of annual change, comparing to October 2020, an increase of 5.5% was recorded, affected by the following groups: “Manufacture of refined petroleum products” by 43.9%, followed by “Manufacture of Cement & other non-metallic mineral products" by 5.4%, "Manufacture of beverages" by 1.7%, “Manufacture of food products” by 1.3%. However, a decrease recorded in ‘’Printing and reproduction of recorded media’’ by 9.1%, “Manufacture of rubber and plastics products” by 3.3%, “Manufacture of basic metals” by 0.6%, and “Manufacture of chemicals and chemical products” by 0.1%.
3. “Electricity”: A decrease of 9.1% was noticed in the production of “Electricity” between October 2021 and the previous month (September 2021), Comparing with corresponding month (October 2020), an increase of 10.3% was recorded.
4. “Water”: A decrease of 0.5% was noticed in the production of ‘'Water'' between October 2021 and the previous month (September 2021). Comparing with corresponding month (October 2020), a decrease of 19.7% was recorded.
