Saudi industrial production index up 22.3% in February

A production line in a factory

Saudi Arabia’s Industrial Production Index (IPI) rose by 22.3% to 127.01 points in February, with 2010 used as the base year, compared to 103.85 points in the year-ago period, data from the General Authority for Statistics (GASTAT) showed.

The IPI measures relative change and reflects the progress of production volumes of materials and goods, which are converted from raw materials into final consumables in the form of commodities, for the purpose of achieving a return.

The following table shows the development of the index:

The index increase was driven by a 26% rise in the mining and quarrying activity by the end of February.

The manufacturing and electricity supply sectors gained by 14% and 11%, respectively, during the same month.

Details and Historical Data for Macroeconomic