“Statistics”: Non-oil activities increased by 5.3% last year

The Index of Industrial Production fell 2.3% due to a decline in oil activities 5.2%, amid a mixed improvement in non-oil sectors.
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<Data from The General Authority for Statistics showed today that the annual index of industrial production for the year (2024) decreased by (2.This decline is mainly attributed to the decrease in the annual index for oil activities by (5.2%), while the annual index for non-oil activities increased by (5.3%) as a result of the higher performance of all non-oil economic activities compared to (2023).

This decrease is mainly attributed to the decrease in the annual index for oil activities by (5.2%). <According to the bulletin, the annual index index for mining and quarrying activity decreased by (6.8%) compared to the previous year, while the annual index index index for manufacturing activity increased by (4.7%).The annual index for electricity, gas, steam, steam and air conditioning activity increased by (3.5%), while the annual index for water supply, sanitation and waste management and treatment activity increased by (1.6%), compared to the previous year.

The annual index for water supply, sanitation and waste management and treatment activity increased by (1.6%), compared to the previous year. <The Industrial Production Index (IPI) is an economic indicator that reflects the relative changes in the volume of industrial production quantities based on data from the industrial production survey, which is carried out on a sample of industrial establishments operating in the targeted industrial activities of mining and quarrying, manufacturing, electricity and gas supply, water supply, sanitation, waste management and treatment activities.