General industrial index rose by 12% in 2022

(File photo: Mohammad Abdallah/ Jordan News)
AMMAN — Jordan's general industrial index grew by 12.2 percent in 2022 compared to 2021, reaching 127.6 points, the Jordan News Agency, Petra, reported.اضافة اعلان

The improved industrial performance was mainly driven by the exports index, which achieved the highest growth of all items on the index in 2022 — 37.3 percent — according to President of the Jordan and Amman Chambers of Industry (JACI) Fathi Al-Jaghbir.

The questionnaire index, based on the feedback of industrial business owners, and the industrial production index also rose by 10 percent and 2.8 percent, respectively, contributing to the increase of the general index.

The employment index, Jaghbir said, edged up by 2.3 percent, showing the potential of the Kingdom’s industries to generate jobs and reduce unemployment.

Industrial sectorsAll ten industrial sectors expanded in 2022. The general industrial index showed that mining industries came first with a 29.3 growth rate due to high demand for products.

The packaging and office supplies industry came second with a 15.9-percent increase, followed by chemical and cosmetics industries at 14.9 percent, foodstuffs at 13.6 percent, engineering at 12.1 percent, plastics at 9.6 percent, furniture at 7.8 percent, leather and knitting at 2.8 percent, and medical industries at 2.5 percent.

The general index was drawn up according to global best practices by merging six sub-indexes, among them exports, production, employment, establishments, and capital. The index is issued by the JACI strategy and studies department.

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