- 10.4% monthly increase in General IPI.
- 12.0% monthly increase in IPI of Mining sector.
- 4.4% monthly increase recorded in IPI of manufacturing sector.
Planning and Statistics Authority has issued a press release for December 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), December 2020 amounted to. 100.7 points, increased by 10.4% compared to the previous month (November 2020), and decreased by 5.7%, when compared to the corresponding month in 2019.
The analysis of the monthly IPI of the above activities as follows:
1. “Mining”: The index of this sector showed an increase by 12.0% compared to the previous month (November 2020), as a result of the increase in the quantities of "crude oil petroleum and natural gas" by 12.0%, while "Other mining and quarrying" showed an increase by 3.8%. When compared to the corresponding month of the previous year (December 2019), the IPI of Mining decreased by 6.3%.
2.“Manufacturing”: The index of this sector showed an increase by 4.4% compared to the previous month (November 2020), The groups showed an increase include: ‘’ Printing and reproduction of recorded media’’ by 71.3%, followed by “Manufacture of Cement and other non-metallic mineral products” by 7.0%, “Manufacture of refined petroleum products” by 4.9%, “Manufacture of chemicals and chemical products" by 4.8%, and "Manufacture of basic metals” by 1.1%. However, a decrease recorded in "Manufacture of beverages" by 4.8%, followed by “Manufacture of rubber and plastics products” by 1.2%, and “Manufacture of food products” by 0.9%.
On the other hand, in terms of annual change, comparing to December 2019, a decrease of 2.8% was recorded, affected by the following groups: ‘’Printing and reproduction of recorded media’’ by 66.4%, followed by "Manufacture of beverages" by 13.8%, “Manufacture of food products” by 7.0%, “Manufacture of basic metals” by 6.9%, and “Manufacture of chemicals and chemical products” by 3.8%. However, an increase recorded in “Manufacture of Cement & other non-metallic mineral products" by 19.6%, “Manufacture of rubber and plastics products” by 5.7%, and “Manufacture of refined petroleum products” by 2.9%.
3. “Electricity”: A decrease of 17.4% was noticed in the production of “Electricity” between December 2020 and the previous month (November 2020), while the annual decrease when comparing with December 2019, was 3.5%.
4. “Water”: A decrease of 2.2% was noticed in the production of ‘'Water'' between December 2020 and the previous month (November 2020). Comparing with corresponding month (December 2019), a decrease of 1.1% was recorded.
