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Qatar’s IPI declines 6.3 percent in June

Qatar’s IPI declines
6.3 percent in June

Tribune News Network
Doha
Qatar’s Industrial Production Index (IPI) registered a 6.3 percent decline on a monthly basis and a 5.3 percent compared to June of 2020.
The mining sector showed a decrease by 7.1 percent compared to the previous month as a result of the decrease in the quantities of ‘crude oil petroleum and natural gas’ by 7.1 percent, while ‘other mining and quarrying’ showed a decrease of 2.7 percent. When compared to the corresponding month of the previous year, the IPI of mining decreased by 5.3 percent.
The manufacturing sector showed a decrease of 2.9 percent compared to the previous month due to decrease in ‘manufacture of refined petroleum products’ by 17.3 percent, followed by ‘manufacture of chemicals and chemical products’ by 0.6 percent, ‘manufacture of basic metals’ by 0.3 percent, and ‘manufacture of rubber and plastics products’ by 0.1 percent.
However, an increase recorded in ‘manufacture of beverages’ by 11.8 percent, ‘manufacture of food products’ by 6.5 percent, printing and reproduction of recorded media by 5.2 percent, and “manufacture of cement and other non-metallic mineral products’ by 1.4 percent.
On the other hand, in terms of annual change, comparing to June 2020, a decrease of 4.8 percent was recorded, affected by groups like ‘manufacture of refined petroleum products’ the decreased 11.6 percent, followed by ‘manufacture of chemicals and chemical products’ by 9.6 percent, ‘manufacture of beverages’ by 5.8 percent, and ‘manufacture of food products’ by 1.9 percent.
However, an increase was recorded in ‘manufacture of basic metals’ by 24.4 percent, ‘manufacture of cement and other non-metallic mineral products’ by 23 percent, and ‘manufacture of rubber and plastics products’ by 12.5 percent.
There was no production in June 2020 for printing and reproduction of recorded media, due to the procedure have been taken to prevent the spread of COVID-19.
The electricity sector showed an increase of 1.8 percent in the production of ‘electricity’ between June 2021 and the previous month. Comparing with the corresponding month in the previous year, a decrease of 6.2 percent was recorded.
An increase of 4.2 percent was noticed in the production of ‘water’ between June 2021 and the previous month. Comparing with corresponding month of the previous year, a decrease of 20.1 percent was recorded.

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