Doha: The Planning and Statistics Authority has issued Industrial Production Index (IPI) for September 2019, suggesting a year-on-year increase of 1.1 percent (108.4 points) and a month-on-month fall by 1.1 percent.
This index details the growth of various industrial sectors in economy such as “Mining”, “Manufacturing”, “Electricity production”, and “Water production and desalination”. It is a short-term quantitative index that measures the changes in the volume of productions of a selected basket of industrial products over a given period with respect to that in a chosen period called the base period.
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 relative importance of 0.7 percent, and finally “Water” with a relative importance of 0.5 percent.
The index of the Mining sector showed a decrease by 0.6 percent compared to the previous month (August 2019), as a result of the decrease in the quantities of “crude oil and natural gas” by 0.6 percent, while “Other mining and quarrying” showed an increase by 2.0 percent. When compared to the corresponding month of the previous year (September 2018), the IPI of Mining increased by 1.1 percent.
The index of the Manufacturing sector showed a decrease by 2.6 percent compared to the previous month (August 2019), The groups showed decreases include: “Manufacture of chemicals and chemical products” by 4.3 percent, followed by “Manufacture of rubber and plastics products” by 1.5 percent, and “Manufacture of refined petroleum products” by 0.7 percent.
