The industrial production index in the Emirate of Dubai rose by 12.37% during the third quarter of 2020.
According to the Emirates News Agency, this figure witnessed a decrease of 8.22% during the second quarter of 2020 compared to the first quarter of it and a decrease of 2.89% during the first quarter of 2020 Compared to the fourth quarter of it.
The Dubai Statistics Center report showed that the general industrial production index recorded declines during 2020 affected by the spread of the Covid-19 pandemic, which greatly affected the movement of production, but at the time The same quarterly change in the industrial production index during the third quarter of 2020 compared to the second quarter 2020 showed a significant recovery in the movement of production.
On the annual level, the general industrial production index for the manufacturing sector for the year 2019 recorded a decrease of 0.46% compared to 2018, as well as during 2020, which witnessed successive decreases of 0.47% During the first quarter, 13.24% during the second quarter and 1.20% during the third quarter compared to the same periods in 2019.
These declines came during the year 2020 affected by the spread of the Covid 19 pandemic, which greatly affected the movement of production, but at the same time the quarterly change in the industrial production index during the quarter appears Third, 2020, compared to the second quarter, 2020, the significant recovery in production.
The Dubai Statistics Center launched the Industrial Production Index Index for the manufacturing industries sector for the first time with a new series based on 2018 and starting from 2019, according to the International Standard Industrial Classification (ISIC 4). On the data collected from the field survey of the facilities of the manufacturing sector in the Emirate of Dubai, where 167 completed establishments were counted for the survey covering 24 major economic activities on the second limit of the ISIC 4 classification.
The manufacturing activity is considered one of the important activities for the economy because it works to fill the need for local demand for industrial goods and services, which supports economic sustainability and also contributes to bringing foreign currencies through exporting Locally manufactured products to the rest of the world, which enhances the economy’s capacity in general, and is considered one of the vital and strategic sectors in the Emirate of Dubai, as it contributed 10.6% of the emirate’s GDP during the first six months of 2020 at fixed prices. What is the quantitative indicator of this sector’s products Important indicators as it reflects the development in the volume of local industrial production and the enhancement of national exports.
and to issue this indicator, the Dubai Statistics Center relied on international statistical standards and methodologies adopted in this field, which cover all aspects and stages ...
