The Index of Industrial Production (IIP) revealed that the surge in industrial output was driven by strong performance across key sectors.

Mining and quarrying led the way with an impressive 45.2% increase, reflecting heightened activity in resource extraction.

Manufacturing also experienced substantial growth, expanding by 18.4%. This was supported by a notable 26.3% rise in food processing and a 16.6% increase in the production of beverages and tobacco. However, the manufacturing of textiles, clothing, and leather goods saw a significant decline of 39.5%.

Electricity production and supply registered a 9.6% increase, underscoring steady progress in the energy sector. Additionally, water and waste management activities grew by 12.8%, reflecting improvements in utility services and environmental management.

The November growth far exceeded the annual average growth of 8.6%, demonstrating a particularly strong performance for Rwanda’s industrial sector.

The IIP serves as a vital tool for monitoring short-term industrial performance, measuring changes in production volumes relative to the 2017 base year.

While the index excludes construction activities due to data constraints, it offers a comprehensive overview of manufacturing, mining, electricity, and utilities.

“The Index of Industrial Production serves as a tool to measure the industrial production performance of industries and provides timely estimates of broad trends,” NISR stated, emphasizing the role of IIP in tracking economic health and progress.

Rwanda's formal industrial sector recorded strong growth in November 2024, with output surging by 14.7% compared to the same period in 2023, according to a recent report from the National Institute of Statistics of Rwanda (NISR).