Doha: The Industrial Production Index (IPI) in October 2021 reached 101.8 points remaining steady compared to September 2021, while increased by 0.7 percent compared to the corresponding month in 2020.
Planning and Statistics Authority yesterday issued a press release for October 2021 of IPI to study and analyse the economic level of the state. 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 mining sector showed a decrease by 0.1 percent compared to the previous month (September 2021), as a result of the decrease in the quantities of ‘crude oil petroleum and natural gas’ by 0.1 percent, and ‘Other mining and quarrying’ showed a decrease by 0.3 percent. When compared to the corresponding month of the previous year (October 2020), the IPI of Mining decreased by 0.2 percent.
The index of manufacturing sector showed an increase by 1.1 percent compared to the previous month (September 2021). The groups showed an increase include: ‘Manufacture of refined petroleum products’ by 12.6 percent, and ‘Manufacture of chemicals and chemical products’ by 0.2 percent. However, a decrease recorded in ‘’Printing and reproduction of recorded media’’ by 27.9 percent, ‘Manufacture of basic metals’ by 6.2 percent, ‘Manufacture of rubber and plastics products’ by 3.0 percent, ‘Manufacture of beverages’ by 2.5 percent, ‘Manufacture of food products’ by 2.0 percent, and ‘Manufacture of Cement and other non-metallic mineral products’ by 1.4 percent.
On the other hand, in terms of annual change, comparing to October 2020, an increase of 5.5 percent was recorded, affected by the following groups: ‘Manufacture of refined petroleum products’ by 43.9 percent, followed by ‘Manufacture of Cement & other non-metallic mineral products’ by 5.4 percent, ‘Manufacture of beverages’ by 1.7 percent, ‘Manufacture of food products’ by 1.3 percent. However, a decrease recorded in ‘’Printing and reproduction of recorded media’’ by 9.1 percent, ‘Manufacture of rubber and plastics products’ by 3.3 percent, ‘Manufacture of basic metals’ by 0.6 percent, and ‘Manufacture of chemicals and chemical products’ by 0.1 percent.
A decrease of 9.1 percent was noticed in the production of ‘Electricity’ between October 2021 and the previous month (September 2021), Comparing with corresponding month (October 2020), an increase of 10.3 percent was recorded.
A decrease of 0.5 percent was noticed in the production of ‘Water’ between October 2021 and the previous month (September 2021). Comparing with corresponding month (October 2020), a decrease of 19.7 percent was recorded.
