- 1.4% monthly increase in General IPI.
- 0.5% monthly increase in IPI of Mining sector.
- 4.5% monthly increase recorded in IPI of manufacturing sector.
Planning and Statistics Authority has issued a press release for March 2021 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), March 2021 amounted to 100.7 points, increased by 1.4% compared to the previous month (February 2021), and decreased by 0.1%, when compared to the corresponding month in 2020.
The analysis of the monthly IPI of the above activities as follows:
1. “Mining”: The index of this sector showed an increase by 0.5% compared to the previous month (February 2021), as a result of the increase in the quantities of "crude oil petroleum and natural gas" by 0.5%, while "Other mining and quarrying" showed an increase by 3.6%. When compared to the corresponding month of the previous year (March 2020), the IPI of Mining increased by 0.3%.
2. “Manufacturing”: The index of this sector showed an increase by 4.5% compared to the previous month (February 2021), The groups showed an increase include: ‘’ Printing and reproduction of recorded media’’ by 23.8%, followed by “Manufacture of food products” by 13.4%, “Manufacture of beverages" by 10.9%, “Manufacture of Cement and other non-metallic mineral products” by 10.3%, “Manufacture of chemicals and chemical products" by 8.2%, "Manufacture of basic metals” by 2.4%, and “Manufacture of rubber and plastics products” by 0.7%. However, a decrease recorded in “Manufacture of refined petroleum products” by 11.6%.
On the other hand, in terms of annual change, comparing to March 2020, a decrease of 1.4% was recorded, affected by the following groups: ‘’Printing and reproduction of recorded media’’ by 66.2%, followed by “Manufacture of refined petroleum products” by 23.9%, "Manufacture of beverages" by 11.9%, “Manufacture of food products” by 11.5%, and “Manufacture of chemicals and chemical products” by 0.9%. However, an increase recorded in “Manufacture of Cement & other non-metallic mineral products" by 28.1%, “Manufacture of basic metals” by 24.4%, and “Manufacture of rubber and plastics products” by 12.5%.
3. “Electricity”: An increase of 41.4% was noticed in the production of “Electricity” between March 2021 and the previous month (February 2021), while the annual increase when comparing with March 2020, was 9.1%.
4. “Water”: An increase of 9.9% was noticed in the production of ‘'Water'' between March 2021 and the previous month (February 2021). Comparing with corresponding month (March 2020), a decrease of 21.0% was recorded.
