Latest news with #IndustrialProductionIndex
Kuwait News Agency
a day ago
- Business
- Kuwait News Agency
Saudi industrial production up 7.8 pct in June '25
RIYADH, Aug 10 (KUNA) -- Saudi Arabia's Industrial Production Index (IPI) rose 7.8 percent in June 2025 compared to the same month last year, the General Authority for Statistics (GASTAT) reported on Sunday. GSTAT attributed in its monthly bulletin that the increase is due to higher activity in electricity, gas, steam, and air-conditioning supply, as well as water supply, sanitation, waste management and treatment. The IPI measures, released monthly as an economic indicator reflecting relative changes in production quantities of materials and goods, tracking their transformation from raw materials to final consumable products for economic returns. (end)
Arabian Business
a day ago
- Business
- Arabian Business
Saudi Arabia's industrial production jumps 7.9 per cent in June 2025, driven by manufacturing and oil growth
Saudi Arabia's Industrial Production Index (IPI) rose 7.9 per cent in June 2025 compared to the same month last year, according to the latest bulletin from the General Authority for Statistics (GASTAT). The increase was driven by broad-based growth across key sectors: Mining and quarrying: +6 per cent year-on-year Manufacturing: +11.1 per cent Electricity, gas, steam, and air conditioning supply: +5.6 per cent Water supply, sewerage, waste management, and remediation: +6.9 per cent Based on main economic activities, oil activities rose by 7.7 per cent, while non-oil activities saw a stronger gain of 8.6 per cent — reflecting the Kingdom's continued progress in diversifying its industrial base while maintaining robust energy sector output. Saudi economic indicator The Industrial Production Index is released monthly and tracks relative changes in the volume of production across the Kingdom's key industrial activities. Data is collected through the Industrial Production Survey, which samples establishments involved in: Mining and quarrying Manufacturing Electricity, gas, steam, and air conditioning supply Water supply, sewerage, waste management, and remediation services The latest figures highlight Saudi Arabia's ongoing industrial expansion in line with its Vision 2030 strategy, which aims to boost manufacturing capacity, strengthen non-oil industries, and enhance overall economic resilience.
Saudi Gazette
a day ago
- Business
- Saudi Gazette
GASTAT: Saudi Industrial Production Index jumps 7.9% in June
Saudi Gazette report RIYADH — The Saudi Industrial Production Index recorded an increase of 7.9 percent during the month of June 2025 compared to the same month last year. This was revealed in the Industrial Production Index bulletin issued by the General Authority for Statistics (GASTAT). According to the bulletin, the mining and quarrying sub-index rose 6 percent year-on-year, while the manufacturing sub-index climbed by 11.1percent. The results also showed that the sub-index for electricity, gas, steam, and air conditioning supply posted a growth of 5.6 percent, while the water supply, sewerage, waste management, and remediation activities sub-index recorded an increase of 6.9 percent compared to June 2024. Based on main economic activities, the results indicated that the oil activities index rose by 7.7 percent in June 2025, while the non-oil activities index increased 8.6 percent. It is noteworthy that GASTAT issued the Industrial Production Index on a monthly basis. This economic indicator reflects relative changes in the volume of industrial production based on data from the Industrial Production Survey. The survey was conducted on a sample of industrial establishments operating in targeted industrial activities, namely mining and quarrying, manufacturing, electricity, gas, steam, and air conditioning supply, as well as water supply, sewerage, waste management, and remediation activities.
Barnama
4 days ago
- Business
- Barnama
Stronger-than-expected June IPI Signals Solid 2Q GDP Growth -- RHB IB
KUALA LUMPUR, Aug 7 (Bernama) -- June 2025's stronger-than-expected Industrial Production Index (IPI) points to solid second-quarter gross domestic product (2Q GDP) growth of 4.5 per cent year-on-year (y-o-y), with potential upside towards 4.6 per cent, according to RHB Investment Bank Bhd (RHB IB). Data released by the Statistics Department Malaysia (DOSM) today revealed that Malaysia's IPI rose by three per cent y-o-y in June 2025 from 0.3 per cent y-o-y in May 2025, mainly driven by growth momentum in the manufacturing and electricity sectors. 'This was higher than our in-house projection of -0.5 per cent y-o-y, and Bloomberg consensus estimate of 0.5 per cent y-o-y,' RHB IB said in a statement today.
The Star
5 days ago
- Business
- The Star
Malaysia's IPI rose significantly by 3% in June 2025
KUALA LUMPUR: Malaysia's Industrial Production Index (IPI) increased by a significant 3.0 per cent in June 2025 from 0.3 per cent in May 2025 driven by growth momentum in the manufacturing and electricity sectors, according to the Statistics Department Malaysia (DOSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the increase was due to encouraging output growth in manufacturing, which grew by 3.6 per cent (May 2025: 2.8 per cent) contributed mainly by domestic oriented industries, and the electricity sector which increased to 4.1 per cent (May 2025:- 0.1 per cent). Mining production, nevertheless, remained in negative territory, settling at a -0.01 per cent against a -10.2 per cent in May 2025. - Bernama
