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Qatar money supply jumps 4.8% to QR584 bn in April

Tribune news network
doha
Qatar’s total broad money supply (M2) reached QR584.7 billion in April 2020, an annual increase of 4.8% compared with April 2019, according to the Planning and Statistics Authority’s monthly statistical data of country’s various sectors, issued on Wednesday showed.
Cash equivalents, including commercial bank deposits, reached QR879.3 billion in April 2020, an annual increase of 9.8%.
Real estate indicators were also affected, as the number of sold properties decreased by 25% compared to the previous month and by nearly 40% compared to April 2019.
Total electricity consumption during April 2020 reached 3187.9 GWh attaining a monthly increase of 13.1% and an annual decrease of 0.1%, while the total water consumption reached 51570.7 thousand m3 during the same month attaining a monthly decrease of 3.3% and an annual rise of 2.9%.
Regarding the data of buildings permits issued, the total number of permits reached 483 permits in April 2020, recording a monthly decrease of 24.2%.

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