PRODUCER PRICE INDEX OF INDUSTRIAL SECTOR FALLS 2.5% IN MARCH

Doha, – The Ministry of Development Planning and Statistics (MDPS) has released the Monthly Producer Price Index (PPI) of the Industrial sector for March 2017 with the base year 2013. Producer price index covers goods relating to “Mining” (weight: 72.7%), “Manufacturing” (weight: 26.8%), and “Electricity & Water” (weight: 0.5%).

The Overall Index (PPI of Industrial sector) for March, 2017 is estimated at 55.3 points showing a decrease of 2.5% compared to the previous month’s February 2017. Due to the decrease has been noticed in “Mining” and “Electricity & water” and increase in “Manufacturing”. On [Y-o-Y] basis, PPI of March, 2017 shows a rise of 28.3% when compared to the PPI of March 2016.

The PPI of Mining for March, 2017 shows a decrease of 3.9% when compared with PPI of February 2017, primarily due to the decrease of prices of “Crude petroleum and natural gas”. PPI of March 2017, when compared with its counterpart in the previous year, there has been a considerable increase of 31.7%.

In Manufacturing sector, an increase of 0.3% has been recorded in March, 2017, when compared with the previous month’s Manufacturing index during this year. The prices increase are seen in: “Juices” by 3.2%, “Basic Chemicals” and “Basic Metals” by 0.7% and “Refined Petroleum Products” by 0.2%. However, the decreasing prices are noticed in “Rubber and Plastic” by 3.3%, “Cement and Other non-metallic products” by 0.7%, “Dairy Products” by 0.3%, and “Beverages” by 0.1%. No change noticed in “Grain mill and Other products”, “Other Chemicals Products”, and “Paper and Paper Products”.

The PPI of the Electricity and Water group showed a decrease of 0.7% compared to February 2017, resulting from the decreasing price seen in “Water” by 3.6%, and an increasing in “Electricity” by 1.1%. (QNA)

Source: Qatar News Agency