Search Site

Trends banner

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

Saudi Arabia’s industrial production rose 8.6% in November 2022, says GASTAT

The IPI is an economic indicator that reflects the relative changes of the volume of industrial output. (AFP)
  • In November 2022, mining and quarrying grew by 5.7 percent compared to November 2021.
  • Manufacturing activity increased by 19.7 percent compared to the same month of the previous year.

RIYADH, SAUDI ARABIA – The General Authority for Statistics (GASTAT) published Tuesday on its official website the results of the Industrial Production Index (IPI).

In November 2022, the Industrial Production Index (IPI) increased by 8.6 percent compared to November 2021.

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

In November 2022, mining and quarrying grew by 5.7 percent compared to November 2021.

Manufacturing activity increased by 19.7 percent compared to the same month of the previous year. Electricity and gas supplies decreased by 10.9 percent.

The IPI 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.