Factory production line
Saudi Arabia’s Industrial Production Index (IPI) rose 6.8% year-on-year (YoY) in January.
Data issued by the General Authority for Statistics (GASTAT) showed that Saudi IPI rose to 134.5 points in January, according to the base year 2010, compared to 125.9 points in the year-ago period.
The index continued to expand on the positive growth trends in the mining and quarrying as well as manufacturing activities, the authority said.
The IPI measures the relative change and reflects the production quantities of materials and goods, which have been converted from raw materials to consumables in their final form as goods, for the purpose of achieving a monetary return.
The following table shows the development of the index:
|
IPI* |
||
|
Period |
Index (Points) |
YoY Change |
|
January 2022 |
125.94 |
+11.1% |
|
February |
127.01 |
+22.3% |
|
March |
129.51 |
+24.8% |
|
April |
130.17 |
+26.7% |
|
May |
131.78 |
+24.0% |
|
June |
133.08 |
+20.8% |
|
July |
135.23 |
+17.7% |
|
August |
139.09 |
+16.8% |
|
September |
138.50 |
+15.7% |
|
October |
138.97 |
+14.1% |
|
November |
134.83 |
+8.6% |
|
December |
134.38 |
+7.3% |
|
January 2023 |
134.50 |
+6.8% |
The mining and quarrying activity rose by 3% YoY as the Kingdom’s oil production reached more than 10 million barrels per day in January.
The manufacturing activity recorded a 19% YoY increase, while the electricity and gas supply activity fell by 3% YoY.
The following table shows the IPI value as per its constituent activities:
|
IPI by Activity |
|||
|
Main Sectors |
January 2022 |
January 2023 |
Change |
|
Mining & Quarrying |
124.7 |
128.5 |
+3% |
|
Manufacturing |
133.5 |
159.1 |
+19% |
|
Electricity & Gas Supply |
98.4 |
95.1 |
(3%) |
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