Jordan's general industrial index grew by 12.2% in 2022 – JCI

AMMAN — Jordan's general industrial index grew by 12.2 per cent in 2022, reaching 127.6 points compared with 2021, President of the Jordan Chamber of Industry (JCI) Fathi Jaghbir said on Monday.

The general index, issued by JCI's strategy and studies department, showed that the improved industrial performance was mainly driven by the exports index, a component of the general index that achieved the highest growth, measuring 37.3 per cent in 2022, Jaghbir said, as reported by the Jordan News Agency, Petra.

He added that the questionnaire index (feedback of industrial business owners) and the industrial production index also went up by 10 per cent and 2.8 per cent, respectively, contributing to the general index's increase.

Jaghbir added that the employment index increased by 2.3 per cent, stressing the industrial sector's potential to generate jobs and reduce unemployment in the Kingdom.

He noted that all 10 industrial sectors expanded in 2022, where the general industrial index showed that mining industries came first, with a 29.3 per cent growth rate, due to high demand for their products.

The JCI president added that the packaging and office supplies industries came second, with a 15.9 per cent increase, followed by chemical and cosmetics industries with 14.9 per cent, foodstuff with 13.6 per cent, engineering with 12.1 per cent, plastics with 9.6 per cent, furniture with 7.8 per cent, leather and knitting with 2.8 per cent and medical industries with 2.5 per cent.

The general index was prepared according to global practices by merging six sub-indexes: exports, production, employment, establishments and capital.