Jordan's IPI advances 1.10% YoY in 2024; manufacturing, mining drive growth
Jordan's Industrial Production Index (IPI) posted a 1.10 percent year-over-year growth in 2024, reaching 87.70 points versus 86.74 points in 2023, according to the Department of Statistics' latest data release, Petra reports.
The cumulative sectoral breakdown shows manufacturing output edged up 0.45 percent YOY, while mining and quarrying operations recorded a robust 7.31 percent expansion.
The utilities segment saw electricity generation volumes surge 5.83 percent.
December's IPI reading stood at 88.47 points, marking a 4.67 percent YOY increase from 84.53 points in December 2023. Month-on-month, the index climbed 0.87 percent from November's 87.71 points.
In the December sectoral performance, manufacturing continued its upward trajectory with a 4.59 percent YOY gain, while mining and quarrying posted a modest 0.06 percent increase.
Electricity generation showed significant momentum, jumping 10.24 percent YOY.
The sequential comparison reveals manufacturing inched up 0.11 percent MoM, and utilities surged 17.12 percent, though mining and quarrying contracted 3.03 percent from November levels.
Earlier it was reported that Jordan's Commission had enhanced digital transformation, maritime regulations in 2024.