Qatar's industrial sector PPI rises by 6% in July
August 29 2020 07:45 PM
Planning and Statistics Authority (PSA)
Planning and Statistics Authority (PSA)

QNA/Doha

The Planning and Statistics Authority (PSA) has released the monthly Producer Price Index (PPI) of Qatar's industrial sector for July 2020, with the base year 2013.

The PPI for July 2020 is estimated at 39.0 points, showing an increase of 6.0%, when compared to the previous month's June 2020.

PPI of July 2020 showed a decrease of 37.1% when compared to the PPI of July 2019.

Producer price index covers goods relating to "Mining" (weight: 72.7%), "Manufacturing" (weight: 26.8%), and "Electricity and Water" (weight: 0.5%).

The PPI of July 2020 for mining sector showed an increase by 9.1% when compared with PPI of June 2020, primarily due to the price increase of "Crude Petroleum and Natural Gas" by 9.1%. However, "Stone, Sand and Clay" decreased by 2.7%.

PPI of July 2020, when compared with the same period in the previous year (July 2019), declined 43.7%.

An increase of 1.1% has been recorded in July 2020 in the manufacturing sector, when compared with the previous month's index (June, 2020).

The prices increase are seen in: "Refined Petroleum Products" and "Rubber and Plastics products" by 3.3% each, followed by "Juices" by 1.2%, "Basic Chemicals" by 0.9%, and "Beverages" by 0.5%.

However, the decreasing prices are noticed in "Basic Metals" by 6.9%, "Dairy products" by 2.3%, "Cement and Other non-metallic products" by 2.0%, and "Grain mill and Other products" by 0.3%.

No changes noticed in "Paper and Paper Products" and "Other Chemical Products and Fibers".

Comparing with the index of counterpart in the previous year (July 2019), "Manufacturing" PPI of July 2020 showed a decrease of 24.5%. The major groups which explain this price fall are: "Refined Petroleum Products" by 29.8%, followed by "Basic Chemicals" by 20.5%, "Basic Metals" by 12.8%, "Rubber and Plastics products" by 10.6%, "Other Chemical Products and fibers" by 2.5%, "Dairy Products" by 0.8%, and "Cement and Other Non-metallic Products" by 0.2%.

However, prices increased in "Juices" by 6.4%, followed by "Paper and Paper Products" by 5.7%, "Grain Mill and Other Products" by 0.5%, and "Beverages" by 0.4%.

The PPI of electricity and water showed a decrease of 0.8% compared to June 2020, resulting from a decline in electricity by 1.5%, and water by 0.3%. When compared the PPI of July, 2020, to the PPI of July, 2019, it showed a decrease of 0.8%, affected by price fall in electricity by 1.1%, and water by 0.5%.





There are no comments.

LEAVE A COMMENT Your email address will not be published. Required fields are marked*
MORE NEWS

HAPPENING IN DOHAMore