AI Summary
Saudi Arabia’s Industrial Production Index (IPI) rose 7.04% year-on-year (YoY) to 135.24 points in April 2020, with 2010 used as the base year, data from the General Authority for Statistics (GASTAT) showed.
|
Industrial Production General Index |
||
|
Period |
Index (Points) |
MoM Variation |
|
Jan. 2019 |
130.43 |
(0.86%) |
|
Feb. |
129.29 |
(2.04%) |
|
March |
125.58 |
(5.96%) |
|
April |
126.34 |
(6.38%) |
|
May |
125.16 |
(9.00%) |
|
June |
126.61 |
(10.28%) |
|
July |
125.32 |
(9.10%) |
|
Aug. |
127.33 |
(7.27%) |
|
Sept. |
121.55 |
(11.29%) |
|
Oct. |
130.71 |
(2.45%) |
|
Nov. |
125.12 |
(8.10%) |
|
Dec. |
121.88 |
(6.35%) |
|
Jan. 2020 |
121.72 |
(6.68%) |
|
Feb. |
121.89 |
(5.72%) |
|
March |
121.45 |
(3.29%) |
|
April |
135.24 |
+7.04% |
The rise in index was driven by the mining and quarrying activity that surged 23% by the end of April, as the Kingdom increased oil production to 12 million barrels per day (mbpd) from 9.7 mbpd in March.
Similarly, the manufacturing industry activity climbed 32% over the same month. The electricity and gas supply also rose by 15%.
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Industrial Production General Index (according to activities) |
|||
|
Activity |
March 2019 |
March 2020 |
Variation |
|
Mining & mines (including crude extraction) |
120.11 |
147.17 |
+23% |
|
Manufacturing |
148.54 |
100.84 |
(32%) |
|
Electricity, water & gas |
113.29 |
96.77 |
(15%) |
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