By Santhosh V Perumal/Business Reporter
manufacturing sector and higher extraction of hydrocarbons helped Qatar
register a 1% month-on-month increase in the industrial production in
April this year, according to the official estimates.
The country’s Industrial Production Index (IPI), however, showed a 1.6% decline on a yearly basis in April 2019, 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% expansion owing to a 1% growth in the extraction of crude petroleum and natural gas and 1.6% in other mining and quarrying sectors.
On a yearly basis, the index declined 2.1% as the extraction of crude petroleum and natural gas retreated more than 2% and other mining and quarrying plummeted 15.4%.
The manufacturing index, with a relative weight of 15.2%, showed a flat course in April 2019 on a monthly basis despite 6.5% surge in the manufacture of beverages, 2.1% in chemicals and chemical products, 2% in basic metals and 1.5% in the manufacture of rubber and plastics products.
Nevertheless, there was an 8.2% plunge in the manufacture of refined petroleum products, 4.8% in the manufacture of cement and other non-metallic mineral products and 0.9% in food products.
On a yearly basis, the manufacturing index witnessed a 1% rise on a 25.3% surge in the manufacture of basic metals, 8.1% in beverages, 3.2% in food products and 2.2% in chemicals and chemical products; even as there was 14.9% shrinkage in the manufacture of cement and other non-metallic mineral products, 11.2% in refined petroleum products, 5% in printing and reproduction of recorded media and 4.9% in rubber and plastics products.
Electricity, which has 0.7% weight in the IPI basket, saw its index soar 22.9% on a monthly basis but witnessed an overall 5.6% decline year-on-year in April 2019.
In the case of water, which has a 0.5% weight, there was a 6% growth month-on-month where it recorded a 10.3% decline on a yearly basis in April 2019.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Paranoia written all over S&P 500 in struggle back to a record
Pricey gold doesn’t mean fancy food for miners meeting in Denver
US fund managers gird for long trade war after FedEx slide
China’s mighty trade engine is stalling as negotiators seek deal
‘China to work with Asia to secure world trade’
When is change a ‘crisis’? Why climate terms matter
CEOs are saving billions by going green on towels and jets
HSBC plans Chinese PR blitz to get back in Beijing’s good books
Pakistan’s trade deficit narrows 35.9% to $3.9bn