‘Industrial producer price index declines by 4.40% in first 11 month of 2023’

AMMAN — The Department of Statistics (DoS) revealed on Sunday that the Industrial Producer Price Index, during the 2023 January- November period, dropped by 4.40 per cent amounting to 135.67 points compared with 141.92 points in the same period in 2022. 

DoS said that the decline is a result of a 5.37 per cent decrease in the transformative industries price index and a 1.13 per cent drop in the price index of electricity, while the extractive industries price index went up by 2.84 per cent, the Jordan News Agency, Petra, reported.

The industrial producer price index for November of 2023 decreased by 2.95 per cent, reaching 136.42 points compared with 140.56 during the same month of 2022, the DoS added.

The main contributors to the monthly drop were the prices of transformative industries which went down by 3.32 per cent, and extractive industries that declined by 4.97 per cent, while the electricity prices went up by 6.01 per cent. 

The General Industrial Production Quantities Index dropped by 1.23 per cent in November 2023, reaching 136.42 points against 138.11 points in November 2023, according to DoS figures cited by Petra.

The monthly decrease between October and November 2023 was attributed to the decrease of prices of transformative industries by 1.63, while extractive industries went up by 1.81 per cent and electricity by 0.50 per cent.