Qatar witnessed a modest month-on-month expansion in the production of refined petroleum products and plastics products as well as in reproduction of recorded media; yet its industrial production drifted southwards in August, amid easing of Covid-19 restrictions, according to the official statistics.
The country’s Industrial Production Index (IPI) declined 2.7% and 4.9% on a monthly and yearly basis respectively in August 2020, said the figures released by the Planning and Statistics Authority (PSA).
The mining and quarrying index, which has aThe 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.
relative weight of 83.6%, saw a 2.9% shrinkage month-on-month on account of 3% dip in the extraction of crude petroleum and natural gas but witnessed 8.5% growth in other mining and quarrying sectors.
On a yearly basis, the index showed a 4.7% plunge owing to a 4.8% decline in the extraction of crude petroleum and natural gas and 2.4% in other mining and quarrying sectors.
The manufacturing index, with a relative weight of 15.2%, saw a 1.3% slippage month-on-month in August this year owing to a 4.1% decline in the production of basic metals, 2.5% in cement and other non-metallic mineral products, 1.8% in chemicals and chemical products and 0.6% in beverages.
However, there was 7.2% surge in the printing and reproduction of recorded media, 2.5% in the production of rubber and plastics products, 2.4% in refined petroleum products and 0.3% in food products.
On a yearly basis, the manufacturing index shrank 5.8% as there was 85.2% plunge in the printing and reproduction of recorded media, 10.2% in the production of basic metals, 9.3% in cement and other non-metallic mineral products, 7.7% in refined petroleum products and 3.5% in chemicals and chemical products.
Nevertheless, there was a 5% increase in the production of food products, 3.3% in beverages and 0.2% in rubber and plastics products.
Electricity, which has 0.7% weight in the IPI basket, saw its index plummet 5.4% on monthly basis yearly basis but was up 0.1% on yearly basis in August 2020.
In the case of water, which has a 0.5% weight, there was a 0.4% and 6.3% growth month-on-month and year-on-year respectively this August.