The General Authority for Statistics released the results of the Industrial Production Index for the month of October 2024. According to the publication, the Industrial Production Index increased by 5% compared to the same month of the previous year (October 2023), supported by growth in all subeconomic activities that make up the index, including mining and quarrying, manufacturing industry, electricity, gas, steam, and air conditioning supply, water supply, sanitation, and waste management, and treatment activities.
The results showed a 0.4% increase in the subindex of mining and quarrying activity on an annual basis, a 12.4% increase in the subindex of manufacturing industry activity, and increases of 6.2% and 8.4% in the subindexes of electricity, gas, steam, and air conditioning supply activities; water supply, sanitation, and waste management; and treatment activities, respectively.

The results also indicated a 5.4% increase in the subindex of oil activities and a 4% increase in non-oil activities compared to the same month of the previous year.

It is worth noting that the General Authority for Statistics issues the Industrial Production Index monthly, which is an economic indicator reflecting relative changes in the volume of industrial production based on industrial production survey data conducted on a sample of industrial establishments operating in the targeted industrial activities.