• 0.6% monthly increase in General IPI.
• No change recorded in IPI of Mining sector.
• 2.9% monthly increase recorded in IPI of manufacturing sector.
Planning and Statistics Authority, has issued a press release for August 2019 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 2019 amounted to 109.6 points, increased by 0.6% compared to the previous month (July-2019), and increased by 1.1%, when compared to the corresponding month of 2018. Graph (1) illustrates the time series of the IPI and monthly rates of change since August of 2018 until August of 2019.
The analysis of the monthly IPI of the above activities as follows:
1. “Mining”: The index of this sector remained flat compared to the previous month (July 2019), Due to the stability of the quantities of "crude oil and natural gas" , while "Other mining and quarrying" showed a decrease by 1.4%. When compared to the corresponding month of the previous year (August 2018), the IPI of Mining increased by 0.3%.
2. “Manufacturing”: The index of this sector showed an increase by 2.9% compared to the previous month (July 2019), The groups showed increases include: "Manufacture of chemicals and chemical products" by 4.4%, followed by "Manufacture of basic metals” by 1.5%, “Manufacture of refined petroleum products” by 0.8%, and "Manufacture of beverages" by 0.1%. However a decrease was recorded in three groups: “Manufacture of Cement and other non-metallic mineral products” by 4.3%, “Manufacture of rubber and plastics products” by 0.5%, and "Manufacture of food products” by 0.2%. and No change noticed in “Printing and reproduction of recorded media”.
On the other hand, in terms of annual change, comparing to August 2018, an increase of 5.2% was recorded, affected by the following groups: “Manufacture of basic metals” by 19.3%, “Manufacture of rubber and plastics products” by 5.1%, “Manufacture of chemicals and chemical products” by 4.3%, and “Manufacture of refined petroleum products” by 3.1%. However a decrease recorded in “Manufacture of Cement & other non-metallic mineral products" by 6.6%, "Manufacture of beverages" by 1.6%, "Printing and reproduction of recorded media” by 1.0%, and “Manufacture of food products” by 0.5%.
3. “Electricity”: A decrease of 2.5% was noticed in the production of “Electricity” between August 2019 and the previous month (July 2019), while the annual increase when comparing with August 2018, was 3.1%.
4. “Water”: An increase of 0.5% was noticed in the production of ''Water'' between August 2019 and the previous month (July 2019). Comparing with corresponding month (August 2018), an increase of 6.7% was recorded.
For more information click here
