Growth of the general industrial production index for the second quarter of 2018
GASTAT has published the results of the "Industrial Production Research for the second quarter of 2018" through its official website at www.stats.gov.sa, which measures the relative change and development of the production of materials and goods.
The results of the survey show that the general industrial production index for the second quarter of 2018 increased by 4.17% compared to the first quarter of the same year, which in the second quarter of 2018 increased to 137.87 points.
At the level of activities of the index of general industrial production, the index of ore and stone increased by 1.89%, while the increase in production in production was 5.07%, while production in electricity and gas supply increased by 83.46% quarter 2018.
The results show that all industrial activities increased by 5.84% compared to the second quarter of 2017. The growth rate in mining and quarrying was 1.95%, while the growth rate of production in production was 16.44%, while production in electricity and gas supply dropped by 0.30%.
Industrial production is intended to convert raw materials (inputs) into materials of final consumption in the form of goods (outputs) in order to achieve a material return for the institution that produces those products. Extractive Industries are raw materials that are extracted from the country, Non-renewable natural resources, such as oil and minerals, while manufacturing industries are specialized in industries whose activities involve the conversion of raw materials into finished products or intermediate products.
It is important to note that the concept of an index: a number that measures the amount of change in a given value over a period of time called the comparison period in relation to the second period. The index of general industrial production is the fourth statistical product published by the General Statistics Organization in the field of index, Consumer, wholesale price index and price index of assets.