Sharp decrease in Palestine’s Industrial Production Index, says PCBS

The overall Industrial Production Index (IPI) in Palestine reached 98.63 points during April 2022 which indicates a sharp decrease of 11.04% compared to March 2022, said the Palestinian Central Bureau of Statistics (PCBS) in a report today.

PCBS said IPI for April 2022 decreased due to the sharp decrease in the activities of Manufacturing Industry by 11.23%, which had a share of 87.89% of the total industry, and the activities of Mining and Quarrying by 11.15%, which had a share of 2.89% of the total industry.

Meantime, the activities of Electricity, Gas, Steam and Air Conditioning Supply also decreased by 10.35%, which had a share of 7.38% of the total industry, while the activities of Water Supply, Sewerage, Waste Management and Remediation declined by 7.74%, which had a share of 1.84% of the total industry.

SOURCE: PALESTINE NEWS & INFORMATION AGENCY