Search Site

Trends banner

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

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.