24 August 2016
DOHA: Driven by mining group, which includes crude oil and natural gas, Qatar's overall Producer Price Index (PPI) of the industrial sector touched an estimated 46.7 points, an increase of 4 percent on month-on-month in June. On year-on-year basis, the PPI fell 25.3 percent for the month, data released by the Ministry of Development Planning and Statistics (MDPS) noted yesterday.

PPI is a weighted index of prices measured at the wholesale, or produced level. Industrial sector PPI covers goods relating to 'mining, electricity and water and manufacturing. The mining segment witnessed a rise of 6.0 percent in June, when compared with the previous month, primarily due to the increased in prices of "Crude petroleum and natural gas". 'Manufacturing' recorded an increase of 1.3 percent, while the 'electricity and water' group showed a decrease of 5.0 percent.

© The Peninsula 2016