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Business / Qatar Business

Industrial Production index increases by 2% in February

Published: 20 Apr 2018 - 12:18 pm | Last Updated: 15 Nov 2021 - 10:49 am

The Peninsula

Doha: The Industrial Production index (IPI) for February 2018 increased by 2 percent to 103.9 points compared to February 2017 while it decreased by 2.5 percent compared to January 2018.

The Industrial Production Index consists of three main components: mining with a relative importance of 83.6 percent, manufacturing with a relative importance of 15.2 percent, electricity with a rela-tive importance of 0.7 percent, and water with a relative importance of 0.5 percent.

The index of the mining sector showed a decrease by 1.9 percent compared to January 2018 as a result of the decrease in the quantities of crude oil and natural gas produced by 1.9 percent, and other mining and quarrying by 3 percent.

When compared to the corresponding month of the previous year (February 2017), the IPI of mining increased by 1.4 percent. Manufacturing’s index saw a decrease of 5.3 percent in February 2018 compared to the previous month.