Higher extraction of hydrocarbons and robust expansion in the production of food, basic metals and cement have led Qatar's industrial production report a robust 1.5% growth in January 2019 against the previous month, according to the official estimates.
The country's Industrial Production Index (IPI) showed a 0.6% expansion year-on-year this January, said the figures released by the Planning and Statistics Authority (PSA).
The PSA introduced IPI, a short-term quantitative index that measures the changes in the volume of production of a selected basket of industrial products over a given period with respect to a base period 2013.
The mining and quarrying index, which has a relative weight of 83.6%, saw a 1.8% surge month-on-month January this year owing to a 1.8% increase in the extraction of crude petroleum and natural gas; even as other mining and quarrying plummeted 4%.
On a yearly basis, the index showed a 0.9% jump as the extraction of crude petroleum and natural gas increased 0.9%; while other mining and quarrying shrank 15.7%.
The manufacturing index, with a relative weight of 15.2%, showed a 0.5% growth in January 2019 on a monthly basis on account of a 3.5% increase in the food production, 3.1% in the manufacture of basic metals, 2.5% in cement and other non-metallic mineral production and 0.3% in chemicals and chemical products.
Nevertheless, there was a 2.9% decline in the manufacture of rubber and plastics products, 1.7% in beverages, 0.9% in printing and reproduction of recorded media and 0.5% in refined petroleum products.
On a yearly basis, the manufacturing index had witnessed a 1.2% decline on a 15.3% plunge in production of cement and other non-metallic mineral products, 14.5% in printing and reproduction of recorded media, 4.4% in rubber and plastics products and 2.7% in chemicals and chemical products.
However, basic metals production shot up 13.5%, beverages 9.8%, food products 3.4% and refined petroleum products 0.8%.
Electricity, which has 0.7% weight in the IPI basket, saw its index plummet 2.2% and 11.1% on yearly and monthly basis respectively in January 2019.
In the case of water, which has a 0.5% weight, there was 14.7% and 7.8% shrinkage in the index both on year-on-year and month-on-month basis respectively.