- 6.3% monthly decrease in General IPI.
- 7.1% monthly decrease in IPI of Mining sector.
- 2.9% monthly decrease recorded in IPI of manufacturing sector.
Planning and Statistics Authority has issued a press release for June 2021 of industrial production index to study and analyze the economic level of the state. This index details the growth of various industrial sectors in economy such as “Mining”, “Manufacturing”, “Electricity production”, and “Water production and desalination”. It is a short-term quantitative index that measures the changes in the volume of productions of a selected basket of industrial products over a given period with respect to that in a chosen period called the base period.
The Industrial Production Index consists of three main components: "Mining" with a relative importance of 83.6%, "Manufacturing" with a relative importance of 15.2%, "Electricity" with a relative importance of 0.7%, and finally "Water" with a relative importance of 0.5%.
The Industrial Production index (IPI), June 2021 amounted to 99.1 points, decreased by 6.3% compared to the previous month (May 2021), while decreased by 5.3%, when compared to the corresponding month in 2020.
The analysis of the monthly IPI of the above activities as follows:
1. “Mining”: The index of this sector showed a decrease by 7.1% compared to the previous month (May 2021), as a result of the decrease in the quantities of "crude oil petroleum and natural gas" by 7.1%, while "Other mining and quarrying" showed a decrease by 2.7%. When compared to the corresponding month of the previous year (June 2020), the IPI of Mining decreased by 5.3%.
2.“Manufacturing”: The index of this sector showed a decrease by 2.9% compared to the previous month (May 2021), The groups showed a decrease include: “Manufacture of refined petroleum products” by 17.3%, followed by “Manufacture of chemicals and chemical products" by 0.6%, "Manufacture of basic metals” by 0.3%, and “Manufacture of rubber and plastics products” by 0.1%. However, an increase recorded in “Manufacture of beverages" by 11.8%, “Manufacture of food products” by 6.5%, ‘’ Printing and reproduction of recorded media’’ by 5.2%, and “Manufacture of Cement and other non-metallic mineral products” by 1.4%.
On the other hand, in terms of annual change, comparing to June 2020, a decrease of 4.8% was recorded, affected by the following groups: “Manufacture of refined petroleum products” by 11.6%, followed by “Manufacture of chemicals and chemical products” by 9.6%, "Manufacture of beverages" by 5.8%, and “Manufacture of food products” by 1.9%. However, an increase recorded in “Manufacture of basic metals” by 24.4%, “Manufacture of Cement & other non-metallic mineral products" by 23.0%, and “Manufacture of rubber and plastics products” by 12.5%.
There was no production in June 2020 for ‘’Printing and reproduction of recorded media’’, due to the procedure have been taken to prevent the spread out of covid-19.
3.“Electricity”: An increase of 1.8% was noticed in the production of “Electricity” between June 2021 and the previous month (May 2021), Comparing with corresponding month (June 2020), a decrease of 6.2% was recorded.
4. “Water”: An increase of 4.2% was noticed in the production of ‘'Water'' between June 2021 and the previous month (May 2021). Comparing with corresponding month (June 2020), a decrease of 20.1% was recorded.
