RAMALLAH, Thursday, July 4, 2024 (WAFA) - A sharp decrease has been noted in the Industrial Production Index (IPI) in Palestine, according to a report by Palestinian Central Bureau of Statistics (PCBS).

The overall IPI in Palestine reached 78.44 during May 2024 with a sharp decrease of 28.93% compared to May 2023 (Base Year 2019 = 100).

Compared with previous month, the overall IPI in Palestine reached 78.44 during May 2024 with an increase of 4.50% compared to April 2024 (Base Year 2019 = 100).

 IPI for May 2024 increased due to the increase in the activities of Manufacturing Industry by 7.39%, which had a share of 87.89% of the total industry, and the activities of Mining and Quarrying by 0.40%, which had a share of 2.89% of the total industry. While, the activities of Water Supply, Sewerage, Waste Management and Remediation decreased by 12.43%, which had a share of 1.84% of the total industry, the activities of Electricity, Gas, Steam and Air Conditioning Supply by 12.30%, which had a share of 7.38% of the total industry.

 K.T