Qatar’s industrial production rose more than 1% year-on-year in September 2019, fuelled by the mining and manufacturing sectors, according to official statistics.
The country’s Industrial Production Index (IPI), however, showed a 1.1% decline on a monthly basis this September, according to 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 robust 1.1% expansion year-on-year owing to a 1.1% jump in the extraction of crude petroleum and natural gas, even as there was a huge 8.5% fall in other mining and quarrying sectors.
On a monthly basis, the index showed a 0.6% fall owing to a 0.6% decline in extraction of crude petroleum and natural gas, even as other mining and quarrying soared 2%.
The manufacturing index, with a relative weight of 15.2%, showed a 1.7% year-on-year jump in September 2019 on a 22.8% jump in the manufacture of basic metals, 1.9% in rubber and plastics products and 0.7% in printing and reproduction of recorded media; whereas there was a 1.3% plunge in manufacture of cement and other non-metallic mineral products, 0.9% in chemicals and chemical products and 0.5% in refined petroleum products.
On a monthly basis, the manufacturing index witnessed a 2.2% rise on a 2.1% escalation in the manufacture of cement and other non-metallic mineral products, 1.9% in basic metals; while there was a 4.3% decline in the manufacture of chemicals and chemical products, 1.5% in rubber and plastics products and 0.7% in refined petroleum products.
Electricity, which has a 0.7% weight in the IPI basket, saw its index plummet 8.6% and 7% on yearly and monthly basis respectively in September 2019.
In the case of water, which has a 0.5% weight, there was a 0.9% and 2.7% decrease year-on-year and month-on-month respectively this September.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Chinese firms on US exchanges threatened by bill headed to Trump
Asian markets mostly up on vaccines; eyes on US stimulus talks
Turkish inflation soars as lira fall filters through prices
EU envoys urge Britain to compromise to secure Brexit trade agreement
Boeing lands crucial MAX deal from Ryanair as grounding ends
Realty, banking sectors help QSE inch near 10,500 level
Qatar calls for stronger producer-consumer ties in natural gas market
QLM readies 60% IPO to raise QR659.4mn
Qatar-EU trade volume reaches $7bn in 2020: Al-Kuwari