Mubasher: Qatar’s industrial production index (IPI) jumped 4.7% year-on-year to 108.5 points in May 2018, the Ministry of Development Planning and Statistics (MDPS) said in a statement released on Tuesday.

The manufacturing index of the world’s biggest liquefied natural gas (LNG) exporter consists of three main components, namely mining represents 83.6%, while manufacturing, electricity, and water account for 15.2%, 0.7%, and 0.5%, respectively.

The statement attributed the IPI rise to an increase in the mining segment by 6.3%, in addition to the growth in the quantities of crude oil and natural gas production by 3.6%, the ministry's data showed.

Meanwhile, the production of other subgroups of the manufacturing index witnessed a drop topped by the printing and reproduction of recorded media with 17.5%, the manufacture of cement and other non-metallic mineral products with 6.2% and the manufacture of chemicals and chemical products with 2.6% respectively.

As for electricity and water, they witnessed a 23.4% drop, while water supplies fell 13.1%, the ministry's data found.

On monthly basis, Qatar’s IPI went up 3.3%, compared to 105 points in April.

Source: Mubasher Exclusive

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