Sat, 04 09 1444 | 25 Mar 2023

GASTAT: Industrial Production Index Increases by 7.3% in December 2022

General Authority for Statistics (GASTAT) issued, on its official website www.stats.gov.sa, today, February 9, 2023, the results of the industrial production index (IPI) for December 2022. 

The publication results showed that during December 2022, IPI increased by 7.3% compared to the same month in the previous year (December 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 December 2022 increased by 4.1% compared to the same month in the previous year (December 2021). Manufacturing activity also increased by 18.5% in December 2022 compared to the same month in the previous year (December 2021), while electricity and gas supply activity decreased by 6.5% compared to December 2021.

According to the report's results, the industrial production index recorded positive growth rates during the year 2022, due to the increase in mining and quarrying activity as well as 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.