Qatar’s industrial production was on a decelerating mode, both on yearly and monthly basis, in November last year, according to the official statistics.
The country’s Industrial Production Index (IPI) witnessed a 3.8% year-on-year decline owing to lower reported production in the case of hydrocarbons and some non-hydrocarbons as cement, chemicals, refined petroleum products and food products, said the figures released by the Planning and Statistics Authority (PSA). The index had seen a 2.5% fall month-on-month. 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 3.8% contraction year-on-year on account of 3.9% shrinkage in the extraction of crude petroleum and natural gas and 9.2% in other mining and quarrying sectors.
On a monthly basis, the index showed a 2% decline owing to a 2.1% fall in the extraction of crude petroleum and natural gas and a marginal 0.3% in other mining and quarrying sectors.
The manufacturing index, with a relative weight of 15.2%, showed a 2.5% yearly decrease in November 2019 on an 8.5% fall in the manufacture of cement and other non-metallic mineral products, 6.2% in refined petroleum products, 5.2% in chemicals and chemical products and 2.4% in food products.
Nevertheless, there was a 20.2% surge in the manufacture of base metals, 8.6% in beverages, 0.4% in printing and reproduction of recorded media and 0.2% in rubber and plastics products.
On a monthly basis, the manufacturing index witnessed a 2.9% decline on a 4.3% fall in the manufacture of cement and other non-metallic mineral products, 4% in chemicals and chemical products, 2.7% in refined petroleum products, and 2% in beverages; whereas there was 2.1% increase in the manufacture of rubber and plastics products, 1.9% in basic metals and 1.5% in food products.
Electricity, which has 0.7% weight in the IPI basket, saw its index plummet 21% and 35% on yearly and monthly basis respectively in November 2019.
In the case of water, which has a 0.5% weight, there was a 3.9% and 5.6% decrease year-on-year and month-on-month respectively last November.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Asia’s garment industry sees lay-offs, factories closing due to coronavirus
Japan PM vows to protect economy as virus spreads
Powered by hydrogen, Hyundai’s trucks aim to conquer the Swiss Alps
Hyundai Motor halts work at factory in South Korea
Jokowi discusses new capital with SoftBank’s Son, Tony Blair
Japan’s yen soars as virus spread sparks stampede to safety
Asia markets plunge as virus fears fuel global turmoil
Sensex crashes 3.64%; rupee slumps to 72.17 against the dollar
World’s biggest virus victim in equities is Southeast Asia