- 6.4% monthly decrease in General IPI.
- 7.7% monthly decrease in IPI of Mining sector.
- 1.1% monthly decrease recorded in IPI of manufacturing sector.
Planning and Statistics Authority has issued a new version of press release of industrial production index for December 2022, calculated using 2018 as a base year. By changing the base year, the relative weight of main economic sectors under this indicator are changed also, therefore “Mining” 82.46%, “Manufacturing” 15.85%, “Electricity production” 1.16%, “Water production” 0.53%. This indicator 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, it studies and analysis the economic level of the state, and the growth of various industrial sectors in economy index details.
The Industrial Production index (IPI), December 2022 reached to 91.1 points decreased by 6.4% compared to the previous month (November 2022), and by 8.5%, when compared to the corresponding month in 2021.
Details of the press release for the sectors that make up the industrial production index:
1. “Mining”:
The index of this sector showed a decrease by 7.7% compared to the previous month (November 2022), because of the decrease in the quantities of "crude oil petroleum and natural gas" with the same percentage, while “Other mining and quarrying" decreased by 1.9%. When compared to the corresponding month of the previous year (December 2021), the IPI of Mining decreased by 11.1%.
2. “Manufacturing”:
The index of this sector showed a decrease by 1.1% compared to the previous month (November 2022), The groups showed a decrease include: “Manufacture of food products” by 4.1%, followed by “Manufacture of chemicals and chemical products" by 3.2%, “Manufacture of beverages" by 2.1%, and “Manufacture of rubber and plastics products” by 1.0%. However, an increase was recorded in, “Manufacture of Cement and other non-metallic mineral products” by 3.6%, “Manufacture of basic metals” by 3.0%, “Printing and reproduction of recorded media’’ by 1.9%, and “Manufacture of refined petroleum products” by 1.2%.
On the other hand, in terms of annual change, comparing to December 2021, a decrease of 3.1% was recorded, and that due to the decrease in “Manufacture of Cement & other non-metallic mineral products" by 16.3%, followed by “Manufacture of basic metals” by 11.3%, ‘’Printing and reproduction of recorded media’’ by 9.1%, “Manufacture of rubber and plastics products” by 2.6%, and “Manufacture of chemicals and chemical products” by 0.9%. However, an increase recorded in “Manufacture of beverages" by 20.4%, “Manufacture of food products” by 6.2%, and “Manufacture of refined petroleum products” by 5.2%.
3. “Electricity, gas, supply”:
A decrease of 32.4% was noticed in the production of “Electricity” between December 2022 and the previous month (November 2022). Comparing with corresponding month (December 2021), an increase of 25.3% was recorded.
4. “Water Supply”:
An increase of 4.3% was noticed in the production of ‘'Water'' between December 2022 and the previous month (November 2022). Comparing with corresponding month (December 2021), an increase of 69.2% was recorded.
