PHOTO
26 July 2016
DOHA: The general monthly Producer Price Index (PPI) of Qatar's Industrial Sector for May 2016 was estimated at 44.9 points, showing an increase of 2.5 percent compared to the PPI index of previous month, data released by the Ministry of Development Planning and Statistics show.
The surge in the index was largely attributed to improvement in the performance of Manufacturing and Mining sectors, particularly refined petroleum products and its derivatives.
The PPI, like other price indices, measures the average changes in the prices of industrial goods received by domestic producers for their output. The index covers goods relating to mining sector (weight:72.7 percent), electricity and water (0.5 percent) , and manufacturing sector (weight:26.8 percent).
The mining sector PPI of May, showed a rise of 1.3 percent compared with PPI of April, primarily due to the increased in prices of "Crude petroleum and natural gas".
However, when compared on year-on-year basis, the PPI of Mining sector in May, there has been a significant fall of 36.7 percent.
In the manufacturing sector index, an increase of 4.6 percent has been observed in May, when compared with the previous month's index during this year. The increasing prices were noticed in "Refined Petroleum Products" by 7.2 percent, "Rubber and plastics products" by 3 percent, "Basic chemicals" by 2.4 percent, "Grain mill products" by 0.5 percent, "Cement and other non-metallic products" by 0.4 percent. However, the prices decrease were seen in 'other chemical products' by 7.6 percent, basic metals by 1.7 percent, juices by 0.4 percent, and dairy products" by 0.2 percent. No change noticed in paper and paper products and beverages.
When compared on year-on-year basis, the manufacturing PPI of May, 2016 showed a sharp decline of 16.6 percent. The major groups which explain this price fall are refined petroleum products by 19.4 percent, basic metals by 20.8 percent, basic chemicals by 13.4 percent, 'other chemical products' by 5.2 percent, dairy products by 1.8 percent. However, prices rise are also noticed in juices by 9.8 percent, cement and other non-metallic products by 8.1 percent, rubber and plastics products by 3.4 percent, and beverages by 1.7 percent.
DOHA: The general monthly Producer Price Index (PPI) of Qatar's Industrial Sector for May 2016 was estimated at 44.9 points, showing an increase of 2.5 percent compared to the PPI index of previous month, data released by the Ministry of Development Planning and Statistics show.
The surge in the index was largely attributed to improvement in the performance of Manufacturing and Mining sectors, particularly refined petroleum products and its derivatives.
The PPI, like other price indices, measures the average changes in the prices of industrial goods received by domestic producers for their output. The index covers goods relating to mining sector (weight:72.7 percent), electricity and water (0.5 percent) , and manufacturing sector (weight:26.8 percent).
The mining sector PPI of May, showed a rise of 1.3 percent compared with PPI of April, primarily due to the increased in prices of "Crude petroleum and natural gas".
However, when compared on year-on-year basis, the PPI of Mining sector in May, there has been a significant fall of 36.7 percent.
In the manufacturing sector index, an increase of 4.6 percent has been observed in May, when compared with the previous month's index during this year. The increasing prices were noticed in "Refined Petroleum Products" by 7.2 percent, "Rubber and plastics products" by 3 percent, "Basic chemicals" by 2.4 percent, "Grain mill products" by 0.5 percent, "Cement and other non-metallic products" by 0.4 percent. However, the prices decrease were seen in 'other chemical products' by 7.6 percent, basic metals by 1.7 percent, juices by 0.4 percent, and dairy products" by 0.2 percent. No change noticed in paper and paper products and beverages.
When compared on year-on-year basis, the manufacturing PPI of May, 2016 showed a sharp decline of 16.6 percent. The major groups which explain this price fall are refined petroleum products by 19.4 percent, basic metals by 20.8 percent, basic chemicals by 13.4 percent, 'other chemical products' by 5.2 percent, dairy products by 1.8 percent. However, prices rise are also noticed in juices by 9.8 percent, cement and other non-metallic products by 8.1 percent, rubber and plastics products by 3.4 percent, and beverages by 1.7 percent.
© The Peninsula 2016
