Qatari IPI jumps 38% in July – Ministry

Mubasher: Qatar’s industrial production index (IPI) surged 37.6% year-on-year in July, registering 70.3 points from 51.1 points in the same month a year earlier, the Ministry of Development Planning and Statistics (MDPS) said.

The Qatari IPI includes three sections, namely: mining that represents 72.7%, manufacturing with 26.8%, and electricity and water with 0.5%, the MPDS added in a statement.

The large growth in IPI was attributed to a 43.6% increase in prices of mining, followed by a 43.7% price hike of crude oil and natural gas, while stones prices levelled up 2.8%.

Manufacturing prices went up 27.3% as oil refining production prices surged 37.6%, whereas cement and other production sector prices fell 4.2%.

On the other hand, electricity and water sector prices decreased by 3.3% last month.

Month-on-month, the gas-rich nation’s IPI inched down 0.1% in July, from 70.4 points.

Mubasher Contribution Time: 02-Sep-2018 10:11 (GMT)
Mubasher Last Update Time: 02-Sep-2018 10:23 (GMT)