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Qatar’s industrial sector producer price index (PPI) has reached 61.4 points in September 2019, an increase by 0.5 percent compared to August 2019, and decreased by 17.7 percent compared to PPI of September 2018, data released by Planning and Statistics Authority (PSA) showed on Tuesday.
PPI covers goods relating to ‘mining’ with weightage of 72.7 percent, manufacturing with weightage of 26.8 percent, and ‘electricity and water’ with weightage of 0.5 percent.
The PPI of September 2019 for the mining sector increased by 1.1 percent compared with PPI of August 2019, primarily due to the increase of ‘crude petroleum and natural gas’ prices by 1.1 percent.
On year-on-year basis, the PPI of September 2019 shows a decrease of 18 percent.
A decrease of 0.4 percent has been recorded in September, when compared with the previous month’s manufacturing index in August.
The drop in prices are seen in ‘rubber and plastics products’ by 2.5 percent, followed ‘basic metals’ by 2.4 percent, ‘paper and paper products’ by 0.5 percent , ‘basic chemicals’ by 0.4 percent, and ‘refined petroleum products’ by 0.1 percent.
However, the rise in prices were noticed in ‘cement and other non-metallic products’ by 0.4 percent, ‘grain mill and other products’ by 0.1 percent. No changes were noticed in ‘juices’, ‘dairy products’, ‘beverages’ and ‘other chemical products and fibers’.
On year-on-year basis, the manufacturing PPI of September 2019 showed a decrease of 6.9 percent. The major groups which explain this price fall are ‘refined petroleum products’ by 19.9 percent, ‘basic chemicals’ by 14.1 percent, ‘basic metals’ by 10.1 percent, and ‘cement and other non-metallic products’ by 3.4 percent.
However, prices increased in ‘rubber and plastics products’ by 4.3 percent, followed by ‘other chemical products and fibers’ by 3.8 percent, ‘juices’ by 2.2 percent, ‘dairy products’ and ‘paper and paper products’ by 1.6 percent each, ‘beverages’ by 0.7 percent and ‘grain mill and other products’ by 0.4 percent.
The September PPI of the electricity and water group showed a decrease of 1.5 percent compared to August 2019, resulting from the decrease in ‘water’ prices by 3.9 percent and increase in ‘electricity’ prices by 0.8 percent.
On year-on-year basis, the group showed a decrease of 6.6 percent in September 2019, affected by fall in ‘water’ prices by 13.4 percent and rise in ‘electricity’ prices by .07 percent.
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30/10/2019
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