The Palestinian Authority (PA) right this moment introduced a big enhance in its industrial manufacturing final 12 months.
The Palestinian industrial manufacturing index rose 14% in 2021, the PA’s official WAFA information company reported.
An industrial manufacturing index measures an space’s output within the manufacturing, mining and vitality sectors.
A number of sectors grew within the Palestinian Territories final 12 months. Water provide, sewage and waste administration actions rose by 32 %. Manufacturing elevated by 16 %. Mining went up by 8.5 %, whereas electrical energy, gasoline, steam and air-con elevated almost 6 %, based on WAFA.
The Palestinian financial system may be very a lot tied to the Israeli-Palestinian battle. Relations between the PA and the Israeli authorities improved final 12 months, as evident in Israel granting a $155 million mortgage to the authority. Final month, the PA reported an increase in commerce with Israel.
When it comes to month-to-month financial exercise, the Palestinian industrial manufacturing index fell 0.3 % from November to December in 2021, based on WAFA.
