A production line in a plant
Saudi Arabia’s Industrial Production Index (IPI) rose by 7.7% to 121.78 points in October 2021, with 2010 used as the base year, compared to 113.06 points in October 2020, data from the General Authority for Statistics (GASTAT) showed.
The IPI measures relative change and reflects the progress of production volumes of materials and goods, which is converted from raw materials into final consumables in the form of commodities, for the purpose of achieving a return.
The following table shows the development of the industrial production index:
|
Industrial Production Index (IPI) |
||
|
Period |
Index (Points) |
YoY Variation |
|
January 2020 |
121.72 |
(6.68%) |
|
February |
121.89 |
(5.72%) |
|
March |
121.45 |
(3.29%) |
|
April |
135.24 |
+7.04% |
|
May |
105.73 |
(15.52%) |
|
June |
98.45 |
(22.24%) |
|
July |
108.52 |
(13.41%) |
|
August |
112.58 |
(11.59%) |
|
September |
112.41 |
(7.52%) |
|
October |
113.06 |
(13.51%) |
|
November |
112.60 |
(10.00%) |
|
December |
112.62 |
(7.60%) |
|
January 2021 |
113.33 |
(6.89%) |
|
February |
103.85 |
(14.80%) |
|
March |
103.80 |
(14.54%) |
|
April |
102.72 |
(24.04%) |
|
May |
106.29 |
+0.53% |
|
June |
110.16 |
+11.89% |
|
July |
114.89 |
+5.87% |
|
August |
119.05 |
+5.75% |
|
September |
119.76 |
+6.54% |
|
October |
121.78 |
+7.71% |
The index increase was attributed to the rise in the mining and quarrying activity index by 9% by the end of October, as the Kingdom hiked oil production to 9.7 million barrels per day (bpd) during the month from 8.9 million bpd in October 2020.
The manufacturing industry index and electricity supply index appreciated by 4% and 5%, respectively, in October 2021.
|
IPI by Activity in October 2021 |
|||
|
Main activities |
October 2020 |
October 2021 |
Variation |
|
Mining & quarrying |
110.3 |
120.3 |
+9% |
|
Manufacturing |
119.9 |
124.7 |
+4% |
|
Electricity supply |
130.8 |
137.0 |
+5% |
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