PCBS records decrease in Industrial Production Index (IPI) in September 2022

RAMALLAH– The Industrial Production Index (IPI) in Palestine for September 2022 decreased, according to the Palestinian Central Bureau of Statistics (PCBS).

PCBS said in a press statement that the overall IPI in Palestine reached 110.39 during September 2022, which indicates a decrease of 2.50% compared to August 2022, noting that the base year 2019 equals 100.

It added that IPI for September 2022 decreased due to the decrease in the activities of water supply, sewerage, waste management and remediation by 7.31% which had a share of 1.84% of the total industry, and the activities of manufacturing industry by 2.89% which had a share of 87.89% of the total industry.

In contrast, the activities of mining and quarrying increased by 3.88% which had a share of 2.89% of the total industry, and the activities of electricity, gas, steam and air conditioning supply increased by 1.00% which had a share of 7.38% of the total industry.

Source: Palestinian News And Info Agency (Wafa)