Arab News Headlines

Qatar’s IPI Increases by 4.7% in March

Doha: The Industrial Production Index (IPI), March 2024 reached 100.2 point, increased by 4.7% compared to the previous month (February 2024), and decreased by 3.2%, when compared to the corresponding month in 2023.

This indicator reflects the growth of details of the growth of the various industrial economic sectors that make up it, with a different relative weight they have, such “Mining and quarrying” 82.46%, “Manufacturing” 15.85%, “Electricity, gas, steam, and air conditioning supply” 1.16%, and “Water supply” 0.53%.

The Planning and Statistics Authority (PSA) data showed an increase in the Mining sector by 4.8% compared to the previous month (February 2024), due to the increase in the quantities of “crude oil petroleum and natural gas” with the same percentage, while “Other mining and quarrying” increased by 4.5%.

When compared to the corresponding month of the previous year (March 2023), the IPI of Mining decreased by 3.3%, due to the decrease in the quantities of “crude oil petroleum and natural ga
s” with the same percentage, while “Other mining and quarrying” decreased by 1.5%.

The index of “Manufacturing” sector showed an increase by 3.8% compared to the previous month (February 2024), The groups showed an increase include: “Manufacture of refined petroleum products” by 15.2%, followed by “Manufacture of food products” by 7.6%, “Manufacture of Cement and other non-metallic mineral products” by 5.5%, “Manufacture of basic metals” by 4.8%, “Manufacture of beverages” by 4.6%, “Printing and reproduction of recorded media” by 1.9%, “Manufacture of rubber and plastics products” by 1.1%, and “Manufacture of chemicals and chemical products “by 1.0%.

On the other hand, in terms of annual change, comparing to March 2023, a decrease of 3.1% was recorded, due to the decrease in “Manufacture of basic metals” by 16.0%, followed by “Printing and reproduction of recorded media by 9.1%, “Manufacture of refined petroleum products” by 8.0%, “Manufacture of beverages” by 5.6%, and “Manufacture of rubber and plastics p
roducts” by 2.9%, However, an increase was recorded in “Manufacture of Cement and other non-metallic mineral products” by 3.7%, “Manufacture of food products” by 1.6%, and “Manufacture of chemicals and chemical products” by 0.3%.

“Electricity, gas, supply” showed an increase of 13.0% was noticed in the production of “Electricity” between March 2024 and the previous month (February 2024). Compared with the corresponding month (March 2023), a decrease of 3.1% was recorded.

“Water Supply” showed an increase of 5.3% was noticed in the production of ‘Water between March 2024 and the previous month (February 2024). Compared with the corresponding month (March 2023), an increase of 1.3% was recorded.

Source: Qatar News Agency