Industrial Sector Sustains Historic Growth, Contributes 39% To Economic Expansion

(MENAFN- Jordan News Agency)

Amman, Oct. 1 (Petra) – The Jordan Chamber of Industry (JCI) said Wednesday that the industrial sector continued its historic and sustainable performance for the second consecutive quarter, achieving real growth of 4.8 percent compared to the same period last year.
According to the Chamber, this reinforced the sector's position as one of the most significant drivers of economic growth in the Kingdom, contributing 39 percent of the total economic growth realized during the second quarter of this year, based on data from the Department of Statistics.
The Chamber highlighted that manufacturing industries maintained their record performance, registering a 5 percent growth rate during the second quarter, the highest in more than two decades, contributing about 0.89 percentage points to overall growth.
The extractive and mining industries also returned to growth, recording a 3.8 percent increase after a decline in the first quarter, contributing 0.10 percentage points to overall growth. This rebound reflected stronger external demand and stable supply chains. Meanwhile, the electricity and water sector sustained positive momentum, achieving a growth rate of 4.9 percent and contributing 0.09 percentage points, indicating the expansion of industrial activity across multiple sectors.
The Chamber said it is working to establish an integrated support system for industrial exports, including expanding air freight services, introducing a tracking system for food industries, and deploying modern digital tools to boost the presence of Jordanian products in global markets. It also monitors challenges facing factories through a monthly report that tracks obstacles and progress in addressing them in coordination with relevant government agencies.
The Chamber stressed that achievements in the first half of the year represent a pivotal phase in Jordanian industry's trajectory, marking the highest growth rates in 20 years while revitalizing previously declining sectors. It underlined that industry continues to advance as the main driver of economic growth and sustainable development.
Chamber Chairperson Fathi Jaghbir said Jordanian industry has once again proven itself to be the engine of national growth, maintaining high performance for the second consecutive quarter. He noted that this reflects the sector's ability to transform challenges into opportunities and sustain positive results despite regional and global fluctuations.
Jaghbir added that the accelerating performance strengthens expectations for the end of the year, with the potential of achieving historic results. He stressed the importance of removing obstacles, particularly procedural ones, to stimulate growth and preserve these positive indicators.

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