GASTAT: IPI increases by 3.2% in April 2023

The Industrial Production Index (IPI) issued today a report by the General Authority for Statistics (GASTAT), which showed a 3.2% increase in April 2023 over April 2022.

According to the report, the IPI continued to show positive growth rates due to high production in the mining and quarrying sector, manufacturing and electricity and gas supplies.

The report showed a 0.2% increase in mining and quarrying over April 2022, a 10.5% increase in manufacturing over April 2022, and a 25.5% increase in electricity and gas supplies over the same period last year.

IPI is an economic indicator that reflects the relative changes in the volume of industrial output. It is calculated based on the monthly industrial production survey.