Saudi Arabia's industrial production index (IPI) has increased by 6.8% in January compared to the same period last year. The growth was mainly due to the rise in mining, quarrying, and manufacturing activities during the period, reported SPA, citing the General Authority for Statistics (GASTAT).

 

Mining and quarrying activity index increased by 3% in January compared to the same month in 2022, stated the report.

 

Manufacturing activity also increased by 19.2% in January 2023, compared to January 2022. Electricity and gas supply decreased by 3.4% compared to January 2022, it added.

 

GASTAT issues a number of industry-related statistical products, including the 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.