The Quantities of Industrial Production Increased by 1.85% in August 2023
The Department of Statistics (DOS) issued its monthly report on the Industrial Production Index for August 2023 which demonstrates an increase by 1.85% compared to the same month of 2022, and by 3.02% compared to July 2023. On the accumulative level, the Index for the first eight months of 2023 had decreased by (2.91%) compared to the same period of 2022.
Thus, the Industrial Production Index for August 2023 had reached 94.65 against 92.94 for August 2022, as well as the Industrial Production Index for August 2023 recorded 94.65 against 91.88 for July 2023. On the accumulative level for the first eight months of 2023, the Industrial Production Index had reached 90.17 against 92.87 for the same period of 2022, noting that the base year is (100=2010).