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Qatar industrial production up 2.3% as mining output grows

  • Sep 19, 2020
  • Author: QT-Online
  • Number of views: 819
  • Top News
QNA
Doha
Qatar’s industrial production in July rose 2.3 percent from June mostly due to a jump in the mining output, which includes oil and gas production.
According to the Planning and Statistics Authority (PSA), the key Industrial Production Index stood at 107.2 points in July, down 1.6 percent from a year ago.
The mining component of the index, which has a relative weightage of 83.6 percent, showed an increase of 2.7 percent month-on-month and a decline of 1.9 percent year- on- year.
The m-o-m climb in mining output was driven by increased production of crude oil and natural gas, by 2.7 percent. Production under the “other mining and quarrying” group showed a month-on-month increase of 1.5 percent.
Qatar’s manufacturing output — which has a relative weightage of 15.2 percent in the index — showed a slight increase in July, edging up 0.1 percent from June. 
PSA attributed this to rise in the manufacture of basic metals by 13 percent, refined petroleum products by 10.5 percent, beverages by 8.5 percent and cement and other non-metallic mineral products by 0.7 percent. 
However, manufacturing output in three groups went down — chemicals and chemical products by 4 percent, food products by 1.6 percent and rubber and plastics products by 0.7 percent.
As for ‘Printing and reproduction of recorded media’, the production was stopped during the month of July due to the coronavirus pandemic. The relative weight of this group was distributed to the rest of the sub-groups of the manufacturing sector, and then the index for industrial production was calculated.
The manufacturing component of the IPI in July showed a 0.7-percent decline when compared with that in the same month last year.
The fall was driven mainly by decreased productions of cement and other non-metallic mineral products by 11 percent, refined petroleum products by 9.2 percent, basic metals by 4.9 percent and rubber and plastics products by 2.7 percent. However, the manufacturing output went up in three groups year-on-year — food products by 4.5 percent, beverages by 4 percent and chemicals and chemical products by 2.7 percent.
Electricity output — which accounts for 0.7 percent of IPI — increased 15.3 percent in July month-on-month and jumped 4.1 percent year-on-year.
Similarly, water production (desalination), which carries a weightage of 0.5 percent, showed an increase of 3.3 percent month-on-month and 6.4 percent year-on-year.