• 0.8% monthly decrease in General IPI.
• 1.3% monthly decrease recorded in IPI of Mining sector.
• 1.0% monthly increase recorded in IPI of manufacturing sector.
Planning and Statistics Authority, has issued a press release for June 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), June 2019 amounted to 105.3 points, decreased by 0.8% compared to the previous month (May-2019), and increased by 1.9%, when compared to the corresponding month of 2018.
The analysis of the monthly IPI of the above activities as follows:
1. “Mining”: The index of this sector showed a decrease by 1.3% compared to the previous month (May 2019), as a result of the decrease in the quantities of "crude oil and natural gas" by 1.3%, while "Other mining and quarrying" showed a decrease by 1.2%. When compared to the corresponding month of the previous year (June 2018), the IPI of Mining increased by 2.3%.
2. “Manufacturing”: The index of this sector showed an increase by 1.0% compared to the previous month (May2019), The groups showing increases include: “Manufacture of refined petroleum products” by 5.5%, "Manufacture of beverages" by 2.9%, "Manufacture of chemicals and chemical products" by 0.7%, and “Manufacture of rubber and plastics products” by 0.2%. However a decrease was recorded in three groups: “Manufacture of Cement and other non-metallic mineral products” by 4.4%, "Manufacture of food products” by 2.4%, and “Manufacture of basic metals” by 0.9%, No change noticed in “Printing and reproduction of recorded media”.
On the other hand, in terms of annual change, comparing to June 2018, an increase of 1.1% was recorded, affected by the following groups: “Manufacture of basic metals” by 28.9%, "Manufacture of beverages" by 5.4%, and “Manufacture of rubber and plastics products” by 3.6%. However a decrease recorded in “Manufacture of refined petroleum products” by 4.8%, “Manufacture of Cement & other non-metallic mineral products" by 4.0%, "Printing and reproduction of recorded media” by 2.8%, “Manufacture of chemicals and chemical products” by 1.0%, and “Manufacture of food products” by 0.7%.
3. “Electricity”: An increase of 16.9% in the production of “Electricity” group between June 2019 and the previous month (May -2019), while the annual decrease which comparing with June 2018, was 18.2%.
4. “Water” : When compared June 2019 with the previous month, an increase of 0.2% was noticed. Comparing with corresponding month (June 2018), a decrease of 4.2% was recorded.
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