Saudi industrial production increases by 4.1% in March

RIYADH: Saudi Industrial Production Index (IPI) increased by 4.1% in March 2023 compared to March 2022.

The Saudi General Authority for Statistics said that the IPI continued to show positive growth rates due to the high production in mining and quarrying, manufacturing activity and electricity and gas supplies.

The Authority issued a statistical release on IPI showing that in March 2023, mining and quarrying grew by 1.6% compared to March 2022. Manufacturing activity increased by 10.5% compared to the same month of the previous year. Electricity and gas supplies increased by 16.6% compared March 2022.

The Saudi General Authority for Statistics issues a number of Industry-related statistical products, including the industrial production index (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.





World Business

Source from: The Peninsula