- 3.8% monthly increase in General IPI.
- 6.1% monthly increase in IPI of Mining sector.
- 9.0% 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 April 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 study and analyze the economic level of the state, and the growth of various industrial sectors in economy index details.
The Industrial Production index (IPI), April 2022 reached to 102.6 points increased by 3.8% compared to the previous month (March 2022), and by 6.7%, 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 an increase by 6.1% compared to the previous month (March 2022), as a result of the increase in the quantities of "crude oil petroleum and natural gas" with the same percentage. Also “Other mining and quarrying" increase by 4.2%.
When compared to the corresponding month of the previous year (April 2021), the IPI of Mining increased by 8.2%.
2.“Manufacturing”: The index of this sector showed a decrease by 9.0% compared to the previous month (March 2022), The groups showed a decrease include: “Manufacture of chemicals and chemical products" by 14.2%, “Manufacture of Cement and other non-metallic mineral products” by 8.0%, “Manufacture of food products” by 4.2%, and “Manufacture of refined petroleum products” by 2.9%. However, an increase was recorded in “Manufacture of rubber and plastics products” by 4.8%, “Printing and reproduction of recorded media’’ by 4.7%, “Manufacture of beverages" by 3.2%, and “Manufacture of basic metals” by 2.7%.
On the other hand, in terms of annual change, comparing to April 2021, a decrease of 3.3% was recorded, and that due to the decrease in “Manufacture of Cement & other non-metallic mineral products" by 10.2%, ‘’Printing and reproduction of recorded media’’ by 9.1%, “Manufacture of basic metals” by 8.3%, “Manufacture of rubber and plastics products” by 2.3%, “Manufacture of refined petroleum products” increased by 1.9%, and “Manufacture of chemicals and chemical products” by 1.3%. However, an increase recorded in “Manufacture of beverages" by 16.6%, and “Manufacture of food products” by 3.8%.
3.“Electricity, gas, supply”: An increase of 35.2% was noticed in the production of “Electricity” between April 2022 and the previous month (March 2022). Comparing with corresponding month (April 2021), an increase of 24.4% was recorded.
4.“Water ٍ Supply”: An increase of 3.8% was noticed in the production of ‘'Water'' between April 2022 and the previous month (March 2022). Comparing with corresponding month (April 2021), an increase of 35.0% was recorded.
