Saudi Arabia’s industrial production index (IPI) has increased by 26.7 per cent compared to the same period last year, reported SPA, citing the General Authority for Statistics (GASTAT).

The IPI continued to show positive growth rates due to the high production in mining, quarrying, and manufacturing activity, it stated.

The index is an economic indicator that reflects the relative changes of the volume of industrial output. It is calculated based on the industrial production survey.

The IPI data is based on the International Standard Industrial Classification of Economic Activities (ISIC 4). This index is published on a monthly basis.

According to the GASTAT’s monthly report, the mining and quarrying grew in April by 28.3 per cent compared to the previous year, while the manufacturing activity rose by 25.1 per cent compared to 2021. The electricity and gas supplies decreased by 2 per cent, it stated.

Compared to March 2022, the overall index increased by 0.5 per cent. Mining and quarrying showed a month-on-month growth rate of 1.3 per cent, said the report. The manufacturing sector decreased by 2.0 per cent, electricity and gas supplies increased by 2.1 per cent, it added.