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02 July 2016
Doha: The general monthly Producer Price Index (PPI) of Qatar's Industrial Sector for April 2016 was estimated at 43.8 points, showing an increase of 1.6 percent compared to the PPI index of March this year, data released by the Ministry of Development Planning and Statistics show.
The surge in the index was largely due to improvement in the performance of "Mining" sector (which includes crude oil and natural gas), and "Manufacturing" sector.
The PPI, like other price indices, measures the average changes in the prices of industrial goods received by domestic producers for their output. The index covers goods relating to Mining sector (weight:72.7 percent), Electricity and Water (0.5 percent) , and Manufacturing sector (weight:26.8 percent).
The Mining sector PPI of April, 2016 showed a rise of 1.1 percent compared the PPI of March 2016. The rise in the index was primarily attributed to the increased in prices of "Crude petroleum and natural gas" by 1.3 percent.
However, on year-on-year (Y-o-Y) basis, the PPI of April 2016, witnessed a significant fall of 35.2 percent compared to the counterpart index of April 2015.
Manufacturing sector index registered an increase of 2.4 percent in April, 2016, compared to the previous month's (March). Increase in prices were noticed in "Other chemical products" by 5.2 percent, "Refined Petroleum Products" by 3.9 percent, "Rubber and plastics products" by 3.1 percent, "Beverages" by 1.1 percent, "Basic Metals" by 0.9 percent, "Juices" by 0.4 percent, "Basic chemicals" and "Cement and other non-metallic products" by 0.3 percent each.
However, a decline in prices were seen in "Dairy products" by 0.6 percent and "Grain mill products" by 0.2 percent. The prices of "Paper and Paper Products" remained unchanged.
Comparing with the index of counterpart in the previous year (April 2015), "Manufacturing" PPI of April, 2016 showed a sharp decline of 17.9 percent. The major groups which explain this price fall were "Refined Petroleum Products" by 22.6 percent, "Basic Metals" by 19.7 percent, "Basic chemicals" by 10.9 percent, "Dairy products" by 1.8 percent. However, prices rise were also noticed in "Juices" by 10.1 percent, "Cement and other non-metallic products" by 8.1 percent, "Other chemical products" by 4 percent, and "Beverages" by 1.7 percent.
The PPI of Electricity and Water showed a decrease of 1.6 percent compared to March 2016, resulting from a decline in "Water" by 4.8 percent, while a rise in "Electricity" by 0.8 percent. When compared the PPI of April, 2016 to the PPI of April, 2015 showed an increase (Y-o-Y) of 2.1 percent, resulting from the price rising in "Water" by 2.7 percent and "Electricity" by 1.5 percent.
Doha: The general monthly Producer Price Index (PPI) of Qatar's Industrial Sector for April 2016 was estimated at 43.8 points, showing an increase of 1.6 percent compared to the PPI index of March this year, data released by the Ministry of Development Planning and Statistics show.
The surge in the index was largely due to improvement in the performance of "Mining" sector (which includes crude oil and natural gas), and "Manufacturing" sector.
The PPI, like other price indices, measures the average changes in the prices of industrial goods received by domestic producers for their output. The index covers goods relating to Mining sector (weight:72.7 percent), Electricity and Water (0.5 percent) , and Manufacturing sector (weight:26.8 percent).
The Mining sector PPI of April, 2016 showed a rise of 1.1 percent compared the PPI of March 2016. The rise in the index was primarily attributed to the increased in prices of "Crude petroleum and natural gas" by 1.3 percent.
However, on year-on-year (Y-o-Y) basis, the PPI of April 2016, witnessed a significant fall of 35.2 percent compared to the counterpart index of April 2015.
Manufacturing sector index registered an increase of 2.4 percent in April, 2016, compared to the previous month's (March). Increase in prices were noticed in "Other chemical products" by 5.2 percent, "Refined Petroleum Products" by 3.9 percent, "Rubber and plastics products" by 3.1 percent, "Beverages" by 1.1 percent, "Basic Metals" by 0.9 percent, "Juices" by 0.4 percent, "Basic chemicals" and "Cement and other non-metallic products" by 0.3 percent each.
However, a decline in prices were seen in "Dairy products" by 0.6 percent and "Grain mill products" by 0.2 percent. The prices of "Paper and Paper Products" remained unchanged.
Comparing with the index of counterpart in the previous year (April 2015), "Manufacturing" PPI of April, 2016 showed a sharp decline of 17.9 percent. The major groups which explain this price fall were "Refined Petroleum Products" by 22.6 percent, "Basic Metals" by 19.7 percent, "Basic chemicals" by 10.9 percent, "Dairy products" by 1.8 percent. However, prices rise were also noticed in "Juices" by 10.1 percent, "Cement and other non-metallic products" by 8.1 percent, "Other chemical products" by 4 percent, and "Beverages" by 1.7 percent.
The PPI of Electricity and Water showed a decrease of 1.6 percent compared to March 2016, resulting from a decline in "Water" by 4.8 percent, while a rise in "Electricity" by 0.8 percent. When compared the PPI of April, 2016 to the PPI of April, 2015 showed an increase (Y-o-Y) of 2.1 percent, resulting from the price rising in "Water" by 2.7 percent and "Electricity" by 1.5 percent.
© The Peninsula 2016
