Saudi Arabia’s General Authority for Statistics (GASTAT) issued on Monday the Industrial Production Index for August 2022, saying IPI increased by 16.8% compared to the same month last year.
The IPI continued to show positive growth rates due to the high production in mining and quarrying, manufacturing activity, and electricity and gas supply.
In August 2022, mining and quarrying grew by 15.5% compared to August last year. The manufacturing activity increased by 22% compared to the same month of the previous year. The electricity and gas supplies increased by 11.3%.
Compared to July 2022, the overall IPI increased by 2.9%. Mining & quarrying showed a month-on-month growth rate of 2.2%. The manufacturing sector increased by 3.9%, electricity & gas supplies increased by 10.6%.
