A robust expansion in the extraction of hydrocarbons and desalination as well as in the production of refined petroleum products, basic metals, chemicals and beverages led Qatar's industrial production to surge 6% month-on-month this May, according to the Planning and Statistics Authority (PSA).
The country’s Industrial Production Index (IPI) saw a 1.7% yearly increase in May 2021, mainly contributed by cement, mining and quarrying (other than hydrocarbons), refined petroleum products and rubber and plastics, despite the continuation of certain Covid-19 related restrictions.
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 5.9% increase month-on-month owing to a 5.9% expansion in the extraction of crude petroleum and natural gas, even as there was a 3.8% decline in other mining and quarrying sectors.
On a yearly basis, the index showed a 0.3% rise owing to a 0.7% increase in the extraction of crude petroleum and natural gas and 35.4% in other mining and quarrying sectors.
The manufacturing index, with a relative weight of 15.2%, expanded 5.5% on a monthly basis in May 2021 on account of a 7.2% increase in refined petroleum products, 7% in basic metals, 5.9% in chemicals and chemical products, 5.3% in beverages and 0.4% in food products.
However, there was an 8.8% decline in printing and reproduction of recorded media, 5.5% in cement and other non-metallic mineral products and 2.2% in rubber and plastics products.
On a yearly basis, the manufacturing index shot up 7.7% in May this year owing to a 55.3% surge in the production of cement and other non-metallic mineral products, 29.6% in basic metals, 25.3% in refined petroleum products and 16.9% in rubber and plastic products.
Nevertheless, there was a 10.9% contraction in the production of beverages, 7% in food products and 1.2% in chemicals and chemical products.
Electricity, which has a 0.7% weight in the IPI basket, saw its index soar 36% and 9.4% on a monthly and yearly basis respectively this May.
In the case of water, which has a 0.5% weight, there was a 7% increase month-on-month but registered a 19.8% shrinkage year-on-year in May 2021.
Qatar's production capacity of desalinated water will expand by 61.4mn gallons per day with Umm Al Houl Power Company early this month commissioning an expansion project, which was completed within the QR1.64bn budgeted cost.
The country’s Industrial Production Index (IPI) saw a 1.7% yearly increase in May 2021, mainly contributed by cement, mining and quarrying (other than hydrocarbons), refined petroleum products and rubber and plastics, despite the continuation of certain Covid-19 related restrictions.
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 5.9% increase month-on-month owing to a 5.9% expansion in the extraction of crude petroleum and natural gas, even as there was a 3.8% decline in other mining and quarrying sectors.
On a yearly basis, the index showed a 0.3% rise owing to a 0.7% increase in the extraction of crude petroleum and natural gas and 35.4% in other mining and quarrying sectors.
The manufacturing index, with a relative weight of 15.2%, expanded 5.5% on a monthly basis in May 2021 on account of a 7.2% increase in refined petroleum products, 7% in basic metals, 5.9% in chemicals and chemical products, 5.3% in beverages and 0.4% in food products.
However, there was an 8.8% decline in printing and reproduction of recorded media, 5.5% in cement and other non-metallic mineral products and 2.2% in rubber and plastics products.
On a yearly basis, the manufacturing index shot up 7.7% in May this year owing to a 55.3% surge in the production of cement and other non-metallic mineral products, 29.6% in basic metals, 25.3% in refined petroleum products and 16.9% in rubber and plastic products.
Nevertheless, there was a 10.9% contraction in the production of beverages, 7% in food products and 1.2% in chemicals and chemical products.
Electricity, which has a 0.7% weight in the IPI basket, saw its index soar 36% and 9.4% on a monthly and yearly basis respectively this May.
In the case of water, which has a 0.5% weight, there was a 7% increase month-on-month but registered a 19.8% shrinkage year-on-year in May 2021.
Qatar's production capacity of desalinated water will expand by 61.4mn gallons per day with Umm Al Houl Power Company early this month commissioning an expansion project, which was completed within the QR1.64bn budgeted cost.
