Today 11 December 2022, General Authority for Statistics (GASTAT) released on its official website www.stats.gov.sa industrial production index’s results for October 2022.
The industrial production index for October 2022 increased by 14.1% compared to October 2021, as a result of the rise in the activity of mining and quarrying and the activity of manufacturing, according to the results of the publication.
The index of mining and quarrying activity for October 2022 went up by 12.0%, compared to October 2021, and the manufacturing activity for October 2022 increased by 23.2 % compared to the same month of last year. However, the activity of electricity and gas supply decreased by 1.8%, compared to October 2021. The general industrial production index for October 2022 increased by 0.3% compared to September 2022, due to the increase in manufacturing activity which went up by 5% during October 2022. On the other hand, the mining and quarrying activity and electricity and gas supply activity decreased by 0.7% and 11%, respectively, the publication’s results noted.
GASTAT issues a number of Industry-related statistical products, including industrial production index (IPI), which is an economic indicator that reflects relative changes and evolution in the volume of industrial production quantities based on the data of the industrial production survey. It is implemented monthly and targets industrial establishments operating in targeted activities, such as: activities of mining and quarrying, manufacturing, and electricity and gas supply.