Statistics Centre And Abu Dhabi Chamber Align Efforts To Enhance Producer Price Index And Industrial Production Index

The Statistics Centre – Abu Dhabi (SCAD) and the Abu Dhabi Chamber of Commerce and Industry (ADCCI) recently held a workshop. The focus was on improving data exchange between public and private sectors to enhance the Producer Price Index (PPI) and Industrial Production Index (IPI). This initiative is part of SCAD’s Data for Good programme, aiming to boost economic indicators' quality and accuracy.

Abdulla Alqemzi, Director General of SCAD, emphasised the significance of precise industrial indicators. He stated: "The Producer Price Index and Industrial Production Index are essential tools for gauging Abu Dhabi’s industrial progress and ensuring informed economic planning. Through business-to-government collaboration under the Data for Good initiative, we have built a robust framework that enables our industry partners to benefit from high-quality insights for strategic decision-making."

The PPI measures price changes received by domestic producers for goods and services, offering insights into cost trends and inflation at the production level. Meanwhile, the IPI tracks changes in industrial production volume over time, indicating sector growth or contraction. Together, these indices serve as vital indicators of industrial health in Abu Dhabi.

Monitoring PPI and IPI trends helps businesses, investors, and policymakers make informed decisions. A rising PPI might suggest increasing input costs, prompting companies to adjust pricing or supply chain strategies. Similarly, IPI movements can highlight high-growth sectors, aiding investment and capacity planning.

Shamis Ali Khalfan Al Dhaheri, Second Vice Chairman and Managing Director of ADCCI, highlighted public-private collaboration's importance. He said: "Effective collaboration between the public and private sectors is fundamental to fostering a transparent and well-informed business environment. The PPI and IPI are key indicators for cost management, investment planning, and market stability across our industrial sectors."

Reliable data from these indices supports efficient resource allocation and effective economic policy by identifying areas needing intervention or support. This empowers leaders to promote targeted investments and sustainable industrial development in Abu Dhabi.

Workshop Highlights

The workshop featured presentations on improvements to SCAD’s PPI and IPI dashboards. Interactive sessions were held to gather participant feedback on evolving data needs. Attendees explored opportunities to contribute further to SCAD’s statistical ecosystem while stressing accurate data's value in boosting efficiency.

By strengthening partnerships with private sector stakeholders, SCAD aims to ensure that the PPI and IPI provide strategic insights supporting business growth. These efforts align with Abu Dhabi’s broader economic development goals, underscoring its commitment to leveraging data for informed policymaking.

Abu Dhabi’s industrial sector remains crucial for economic growth. In 2024, the manufacturing sector achieved a value added of AED 111.6 billion, contributing 9.5% to the Emirate’s GDP. These figures underscore accurate industrial data's role in guiding sustainable development.

The workshop also encouraged industry leaders to contribute valuable data through the Data for Good initiative. This exchange strengthens decision-making processes while supporting sustainable growth in Abu Dhabi’s industrial economy.

With inputs from WAM