Higher extraction of natural resources as well as enhanced production of food and rubber products led Qatar's industrials production index (IPI) to jump 3.7% year-on-year in December 2021, according to the official data.
The country’s IPI saw a 12.5% month-on-month surge in the review period, 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 4.7% increase on a yearly basis owing to a 4.7% expansion in the extraction of crude petroleum and natural gas, while there was a 0.5% decline in other mining and quarrying sectors.
On a monthly basis, the index showed a 15.5% zoom owing to a 15.5% increase in the extraction of crude petroleum and natural gas; even as there was a 5.7% contraction in other mining and quarrying sectors.
The manufacturing index, with a relative weight of 15.2%, was seen declining 0.5% year-on-year in December 2021 on account of a 9.1% decrease in the printing and reproduction of recorded media, 8.1% in the production of refined petroleum products, 2.3% in beverages and 0.7% in basic metals.
Nevertheless, there was a 7.6% expansion in the production of food products, 3.8% in rubber and plastics products, 2.5% in cement and other non-metallic mineral products and 1.3% in chemicals and chemical products.
On a monthly basis, the manufacturing index was up 0.9% in December 2021 owing to a 19.5% jump in printing and reproduction of recorded media, 6.3% in basic metals, 2.3% in cement and other non-metallic mineral products, 2.2% in rubber and plastics products and 1% in chemicals and chemical products.
However, there was a 4.8% contraction in the production of beverages, 3.9% in refined petroleum products and 2.1% in food products.
Electricity, which has a 0.7% weight in the IPI basket, saw its index surge 8.3% year-on-year but shrank 18.1% month-on-month in December 2021.
In the case of water, which has a 0.5% weight, there was a 22.3% and 7.5% decrease on a yearly and monthly basis respectively in December 2021.
The country’s IPI saw a 12.5% month-on-month surge in the review period, 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 4.7% increase on a yearly basis owing to a 4.7% expansion in the extraction of crude petroleum and natural gas, while there was a 0.5% decline in other mining and quarrying sectors.
On a monthly basis, the index showed a 15.5% zoom owing to a 15.5% increase in the extraction of crude petroleum and natural gas; even as there was a 5.7% contraction in other mining and quarrying sectors.
The manufacturing index, with a relative weight of 15.2%, was seen declining 0.5% year-on-year in December 2021 on account of a 9.1% decrease in the printing and reproduction of recorded media, 8.1% in the production of refined petroleum products, 2.3% in beverages and 0.7% in basic metals.
Nevertheless, there was a 7.6% expansion in the production of food products, 3.8% in rubber and plastics products, 2.5% in cement and other non-metallic mineral products and 1.3% in chemicals and chemical products.
On a monthly basis, the manufacturing index was up 0.9% in December 2021 owing to a 19.5% jump in printing and reproduction of recorded media, 6.3% in basic metals, 2.3% in cement and other non-metallic mineral products, 2.2% in rubber and plastics products and 1% in chemicals and chemical products.
However, there was a 4.8% contraction in the production of beverages, 3.9% in refined petroleum products and 2.1% in food products.
Electricity, which has a 0.7% weight in the IPI basket, saw its index surge 8.3% year-on-year but shrank 18.1% month-on-month in December 2021.
In the case of water, which has a 0.5% weight, there was a 22.3% and 7.5% decrease on a yearly and monthly basis respectively in December 2021.
