Saudi industrial production index rose 6% in Q2

15/11/2018 Argaam Special

Saudi Arabia’s Index of Industrial Production (IIP) rose 5.8 percent year-on-year (YoY) to 137.87 points in Q2 2018, with 2010 used as the base year, data from the General Authority for Statistics (GASTAT) showed.

Industrial Production General Index

Period

Index (Points)

Y-o-Y Variation

Q1 2016

128.07

+1.9%

Q2 2016

129.32

(1.6%)

Q3 2016

133.54

+4.0%

Q4 2016

131.92

+3.2%

Q1 2017

127.95

(0.1%)

Q2 2017

130.26

+0.7%

Q3 2017

134.25

+0.5%

Q4 2017

131.58

(0.3%)

Q1 2018

132.35

+3.4%

Q2 2018

137.87

+5.8%

The mining and quarrying activity index gained 2 percent YoY to 124.06 pts. The manufacturing industry activity stood at 183.53 pts, jumping 16 percent YoY.

The electricity and gas supply activity slipped 0.3 percent YoY to 136.79 pts in Q2 2018.

Industrial Production Index by Activity

Period

Mining & mines

Manufacturing

Electricity supply

Index (points)

Y-o-Y Variation

Index (points)

Y-o-Y Variation

Index (points)

Y-o-Y Variation

Q1 2016

125.33

+4%

136.47

(3%)

133.12

+1%

Q2 2016

126.99

(1%)

134.67

(4%)

147.39

+1%

Q3 2016

131.51

+4%

135.43

+1%

171.00

+29%

Q4 2016

130.91

+4%

138.37

+4%

107.49

(15%)

Q1 2017

119.36

(5%)

161.60

+18%

86.50

(35%)

Q2 2017

121.69

(4%)

157.62

+17%

137.20

(7%)

Q3 2017

123.20

(6%)

164.60

+22%

181.44

+6%

Q4 2017

123.18

(6%)

162.54

+17%

106.12

(1%)

Q1 2018

121.76

+2%

174.68

+8%

74.56

(14%)

Q2 2018

124.06

+2%

183.53

+16%

136.79

(0.3%)

The relative significance of mining and quarrying (including oil) hit the highest level at 74.3 percent. Meanwhile, the relative significance of manufacturing industries reached 21.9 percent.

Industrial Production General Index

Activity

Weighted Average

Mining & mines (including crude extraction)

74.33 %

Manufacturing

21.94 %

Electricity, water & gas

3.73 %


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