Sat, | 10 Jun 2023

Last update 26 / 01 / 2023

Industrial Production Index Increases by 8.6% in November 2022

General Authority for Statistics (GASTAT) issued, on its official website today, 10 January 2023, the results of the industrial production index (IPI) for November 2022. 

The publication results showed that during November 2022, IPI increased by 8.6% compared to the same month in the last year (November 2021), as a result of the increase in mining, quarrying, and manufacturing activity.

The results of the index's monthly publication revealed that the mining and quarrying activity index for November 2022 increased by 5.7% compared to the same month in the last year (November 2021), manufacturing activity also increased by 19.7% in November 2022 compared to the same month in the last year (November 2021), while electricity and gas supply activity showed a decrease of 10.9% compared to November 2021. According to the report's results, the annual growth rate in the index was positive in November 2022, and the industrial production index achieved positive growth rates during the previous months, due to the increase in the mining and quarrying activity as well as the manufacturing activity.

It is noteworthy that GASTAT issues a number of Industry-related statistical products, including the 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 the targeted activities, which are mining and quarrying, manufacturing, and electricity and gas supply.

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