- 8.8% monthly decrease in General IPI.
- 10.2% monthly decrease in IPI of Mining sector.
- 1.4% monthly decrease recorded in IPI of manufacturing sector.
Planning and Statistics Authority has issued a press release for November 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), November 2021 reached to 92.8 points decreased by 8.8% compared to the previous month (October 2021), while increased by 1.8%, 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 10.2% compared to the previous month (October 2021), as a result of the decrease in the quantities of "crude oil petroleum and natural gas" by 10.2%, and "Other mining and quarrying" showed an increase by 3.0%. When compared to the corresponding month of the previous year (November 2020), the IPI of Mining increased by 1.6%.
2. “Manufacturing”: The index of this sector showed a decrease by 1.4% compared to the previous month (October 2021), The groups showed a decrease include: “Manufacture of beverages" by 8.6%, followed by “Manufacture of refined petroleum products” by 6.0%, ‘’Printing and reproduction of recorded media’’ by 3.8%, “Manufacture of rubber and plastics products” by 1.2%, “Manufacture of chemicals and chemical products" by 0.8%, and “Manufacture of basic metals” by 0.6%. However, an increase recorded in “Manufacture of Cement and other non-metallic mineral products” by 4.3%, and “Manufacture of food products” by 1.2%.
On the other hand, in terms of annual change, comparing to November 2020, an increase of 2.9% was recorded, affected by the following groups: “Manufacture of food products” by 9.0%, followed by “Manufacture of Cement & other non-metallic mineral products" by 7.1%, “Manufacture of chemicals and chemical products” by 5.1%, “Manufacture of rubber and plastics products” by 0.4%, and “Manufacture of refined petroleum products” by 0.3%. However, a decrease recorded in ‘’Printing and reproduction of recorded media’’ by 9.1%, “Manufacture of basic metals” by 5.6%, and "Manufacture of beverages" by 2.2%.
3. “Electricity”: A decrease of 24.4% was noticed in the production of “Electricity” between November 2021 and the previous month (October 2021), Comparing with corresponding month (November 2020), an increase of 9.3% was recorded.
4. “Water”: A decrease of 7.8% was noticed in the production of ‘'Water'' between November 2021 and the previous month (October 2021). Comparing with corresponding month (November 2020), a decrease of 17.8% was recorded.
