Riyadh, Saudi Arabia — Saudi Arabia’s Industrial Production Index (IPI) increased by 4.1 percent in March 2023, compared to the same month last year, mainly due to an increase in production in the mining and quarrying activity, manufacturing and electricity and gas supply.
The kingdom’s General Authority for Statistics (GASTAT) said the IPI rose to 134.8 points in March, according to the base year 2010, compared to 129.5 points in March 2022.
The General Authority for Statistics said in its Industrial Production Bulletin that the index of the mining and quarrying activity increased by 1.6 percent and the sub-index of the manufacturing activity increased by 10.5 percent over previous year. The sub-index of the electricity and gas supply activity increased by 16.6 percent.
The IPI measures the relative change and reflects the production quantities of materials and goods, which have been converted from raw materials to consumables in their final form as goods for monetary return.
Based on the Industrial Production Survey, which is conducted monthly, the IPI targets industrial establishments in the mining and quarrying, manufacturing and the electricity and gas supply.