Qatar’s Industrial Production Index in August rises 1.1% Y-o-Y

Qatar’s monthly Industrial Production Index (IPI) for August 2019 amounted to 109.6 points, showing an increase of 0.6 percent compared to the previous month, and increased by 1.1 percent when compared to the corresponding month last year, data released by the Planning and Statistics Authority show.

The index, which reflects the growth of various industrial sectors, consists of three main sectors: ‘Mining’, ‘Manufacturing’, ‘Electricity’, and ‘Water’; with a relative importance of 83.6 percent, 15.2 percent, 0.7 percent, and 0.5 percent respectively.

The ‘Mining’ sector index did not change significantly during the month of August compared to the previous month, due to the stability of the quantities produced in the crude oil and natural gas group, while other mining and quarrying activities fell by 1.4 percent. When compared to the corresponding month of the previous year (August 2018), the IPI of Mining increased by 0.3 percent, reports QNA.

The ‘Manufacturing’ sector rose by 2.9 percent in August compared to the previous month (July 2019), driven by an increase in production in four groups including the chemical and chemical products industry by 4.4 percent, followed by base metals (base metals) by 1.5 percent, and the refined petroleum industry by 0.8 percent, and the beverage industry by 0.1 percent.

In terms of annual change (comparing to August 2018), an increase of 5.2 percent was recorded, supported by the following groups: Manufacture of basic metals by 19.3 percent, Manufacture of rubber and plastics products by 5.1 percent, Manufacture of materials and chemical products by 4.3 percent, and Manufacture of refined petroleum products by 3.1 percent. The ‘Electricity’ sector witnessed a decrease of 2.5 percent in the production of electricity group between August 2019 and the previous month (July 2019), while the annual increase (comparing with August 2018), was 3.1 percent.

While, in the ‘Water’ sector index, when compared August 2019 with the previous month, an increase of 0.5 percent was noticed.

Source from: The Peninsula