The Producer Price Index (PPI) of the industrial sector of the State of Qatar for June 2023 is estimated at 108.86 points, showing a decrease of 3.24% when compared to the previous month. On Y-o-Y basis, PPI of June 2023 showed a decrease of 31.33%, when compared to the PPI of June 2022.
The PPI include four main industry sectors: Mining (weight: 82.46%), Manufacturing (weight: 15.85%), Electricity (weight: 1.15%), and Water (weight: 0.52%).
According to data issued Monday by the Planning and Statistics Authority (PSA), the PPI of June 2023 for the Mining and Quarrying showed a decrease by 3.05% when compared with PPI of May 2023, primarily due to the price decrease on “Crude petroleum and natural gas” by 3.05%, while no change noticed in “Other mining and quarrying”. PPI of Mining of June 2023, when compared with its counterpart in previous year (June 2022) decreased by 31.42%, due to the price decrease on “Crude petroleum and natural gas” by 31.46%, followed “Other mining and quarrying” by 0.28%.
In Manufacturing, a decrease of 4.43% has been noticed in June 2023, when compared with the previous months Manufacturing index (May 2023). The prices decrease is seen in: “Chemicals and chemical products” by 5.34%, followed by “Refined petroleum products” by 4.58%, “Basic metals” by 4.22%, “Rubber and plastics products” by 3.92%, “Cement and other non-metallic mineral products” by 1.02%, and “Beverages” by 0.16%. The increasing prices are noticed in “Food products” by 0.18%. No change noticed in “Printing and reproduction of recorded media” in Jun 2023.
Compared with the index of counterpart in the previous year (June 2022), “Manufacturing” PPI of June 2023 showed a decrease of 33.54%. The major groups which explain this price decrease are: “chemicals and chemical products” by 41.13%, followed by “Refined Petroleum products” by 33.15%, “Basic metals” by 23.54%, “Cement and other non-metallic mineral products” by 1.26%. “Printing and reproduction of recorded media” by 0.84%, and “Rubber and Plastics products” by 0.29%. However, the increasing prices are noticed in “Food products” by 4.11%, and “Beverages” by 1.62%.
The PPI the Electricity, Gas, Steam and Air Conditioning Supply group showed a decrease of 3.60% compared to May 2023. When compared the PPI of June 2022, the group showed an increase of 0.39%.
With regard to Water supply, the PPI of this group showed a decrease of 0.44% compared to May 2023. When compared the PPI of June 2022, the group showed an increase of 18.02%.
Source: Qatar News Agency