Industrialists have affirmed that the continued growth of Jordan’s industrial sector for eight consecutive months this year sends positive signals to both local and foreign investors about the sector’s stability and ability to adapt to challenges. This, they said, contributes to attracting new investments, creating jobs, and enhancing the competitiveness of Jordanian industries.They told the Jordan News Agency (Petra) that the 1.76% rise in the Industrial Production Quantity Index during this period compared with the same time last year indicates potential for higher overall economic growth rates in the coming months, particularly with relative regional stability and declining global energy prices.They added that these positive results align with the Economic Modernization Vision, which aims to empower the industrial sector to become a key driver of growth, employment, and exports. They also called for continued support of local production by reducing energy and transport costs, facilitating access to finance, and encouraging investment in modern industrial technologies.Eng. Ihab Qadri, representative of the leather and garment industries sector at the Jordan Chamber of Industry, said that the 1.76% increase in industrial production quantities clearly reflects the recovery and expansion of Jordan’s production base, showing a real improvement in factory output rather than a nominal rise in market prices.He noted that this development indicates that Jordan’s industrial sector is regaining momentum and operating at higher capacity, driven by growing domestic and external demand, supported by monetary and fiscal stability, and investors’ confidence in the consistency of economic policies.Qadri added that the 2.07% monthly increase in August compared to the same month in 2024 reflects the upward trajectory of industrial activity, linked to higher demand from key export markets such as Iraq and Saudi Arabia, along with rising output in manufacturing industries such as chemicals, pharmaceuticals, food, and engineering products.He emphasized that this performance demonstrates the resilience of Jordan’s industrial sector and its ability to adapt to challenges while maintaining its role as a main engine of economic growth and employment, in line with the goals of the Economic Modernization Vision.Similarly, Fawaz Al-Shakaa, representative of the handicrafts sector at the Amman Chamber of Industry, said that the increase in the industrial production index reflects a real improvement in factory performance and actual output growth, as this index measures production quantities rather than prices.He stressed that these figures reaffirm that the industrial sector remains the main driver of genuine economic growth and employment in Jordan, achieving consistent positive results despite challenges such as regional instability and high energy costs.Meanwhile, Eng. Mohammad Al-Samadi, Deputy CEO of the Al-Emlaq Industrial Group and Board Member of the European Business Chamber in Amman, described the rise in industrial production quantities as a positive indicator of recovery and restored competitiveness within Jordan’s industrial base.He explained that the 2.07% monthly growth in August and the 1.03% increase from July reflect steady and sustainable growth, confirming the sector’s resilience and its ability to manage global market challenges and supply chain disruptions.Al-Samadi noted that updating the base year to 2018 instead of 2010 enhances statistical accuracy and reflects structural changes in the national economy, providing a more realistic reading of the sector’s performance.He reiterated that these outcomes align with the Economic Modernization Vision’s goal of enabling industry to lead growth, create jobs, and boost exports.For his part, economic expert Dr. Ghazi Al-Assaf said that the Industrial Production Quantity Index reflects overall changes in production output in Jordan over time and relative to the updated base year, a common practice to ensure more accurate economic readings.He added that the recent figures indicate consistent and sustained growth, suggesting that the industrial sector has entered a recovery phase despite global and regional challenges such as fluctuating energy and oil prices.He pointed out that the industrial sector contributes around 18% of Jordan’s GDP, playing a crucial role in supporting the country’s economic stability. (ICE AMMAN)

Fonte notizia: ALGHAD NEWS