• 3.3% monthly increase in General IPI.
• 3.6% monthly increase recorded in IPI of Mining sector.
• 1.7% monthly increase in IPI of manufacturing sector.
Ministry of Development Planning and Statistics (MDPS), has issued a press release for May 2018 of industrial production index to study and analyze the economic level of the state. This index details the growth of various industrial sectors in an 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), May 2018 amounted to 108.5 points, increased by 3.3% compared to the previous month (April-2018), while it is increased by 4.7%, when compared to the corresponding month of 2017.
The analysis of the monthly IPI of the above activities is as follows:
1. “Mining”: The index of this sector showed an increase by 3.6% compared to the previous month (April of 2018), as a result of the increase in the quantities of crude oil and natural gas produced by 3.6%, and the decrease in "Other mining and quarrying" by 0.2%. When compared to the corresponding month of the previous year (May 2017), the IPI of Mining increased by 6.3%.
2. “Manufacturing”: An increase of 1.7% is recorded in May 2018 compared to the previous month (April-2018), because of the increase in production of four groups: “Manufacture of chemicals and chemical products” by 3.0%, “Manufacture of basic metals” by 2.8%, “Manufacture of beverages” by1.6%, and “Manufacture of food products” by 1.2%. However a decrease was recorded in other four groups : “Manufacture of Cement & other non-metallic mineral products” by 5.5%, “Printing and reproduction of recorded media” by 2.5%, “Manufacture of rubber and plastics products” by 1.8%", and “Manufacture of refined petroleum products " by 0.8%.
On the other hand, in terms of annual change, comparing to May 2017, a decrease of 0.4% was recorded, affected by the following groups: “Printing and reproduction of recorded media” by 17.5%, “Manufacture of Cement & other non-metallic mineral products” by 6.2%, "Manufacture of chemicals and chemical products " by 2.6%. However a rise recorded in, “Manufacture of rubber and plastics products” by 18.5%, followed by “Manufacture of refined petroleum products” by 8.1%, “Manufacture of basic metals” by 5.0%, “Manufacture of beverages” by 3.9%, and “Manufacture of food products” by 3.5%.
3. “Electricity”: An increase of 22.6% in the production of “Electricity” group between May 2018 and the previous month (April-2018), while the annual decrease ( comparing with May 2017), was 23.1%.
4. “Water” : When compared May 2018 with the previous month, a decrease of 1.2% was noticed. Comparing with corresponding month(2017) in the previous year, a 13.1% decrease was recorded.
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