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Sharp increase in the Industrial Production Index in Palestine during May 2020

RAMALLAH,  The overall Industrial Production Index (IPI) in Palestine sharply increased in May 2020 by 63.37% compared to April 2020, according to the Palestinian Central Bureau of Statistics (PCBS).

It said IPI for May 2020 sharply increased due to the sharp increase in the activities of Mining and Quarrying by 82.81% which had a share of 2.68% of the total industry, the activities of Manufacturing Industry by 69.11% which had a share of 82.98% of the total industry, the activities of Water Supply, Sewerage, Waste Management and Remediation by 58.66% which had a share of 2.39% of the total industry, and the activities of Electricity, Gas, Steam and Air Conditioning Supply by 20.06% which had a share of 11.95% of the total industry.

The PCBS pointed out that as a result of COVID-19 pandemic and the measures implemented to its spread, the data collection process for Industrial Production Index has been replaced with data collection via phone in all of the Palestinian Governorates instead of collecting data face to face from the field.

 

Source: Palestinian News & Info Agency