Producer Price Index of Industrial sector Q1 2012

Qatar Statistics Authority (QSA) has released the Producer Price Index (PPI) of the Industrial sector for the first quarter (Q1) of 2012. The Industrial sector covers Mining, Electricity & Water and Manufacturing.

Comparison with previous quarter Q4-2011:

The PPI for Q1, 2012 stood at 177.5 showing a rise of 8.6% when compared to the PPI of fourth quarter Q4, 2011. This reason is due to the combined result increasing in the three sectors.

In the “Mining” group, the 8.7% rise in PPI is mainly explained by higher PPI seen in: Condensates produced by the oil extraction 11.7%: Condensates produced by the gas extraction: 9.0%; Crude oil; 8.8%; and Natural gas 8.3%.

The increase of 8.7% in “Manufacturing” group PPI is contributed by the increase in the following groups: Refined petroleum products 13.9% and Basic chemicals products 3.5%. However, decline was noticed in Metal products 2.9%, Cements & Glass products 1.8%, and in Beverages products 0.3%. 

Keeping in view the increasing importance of the aluminum products in the Qatar Economy, a new group has been added to the manufacturing group. 

“Electricity & Water group” PPI showed an increase of 2.3% in this quarter. The main contributor of the reported increase was electrical energy.

Comparison with the corresponding quarter (Q1) of 2011:

The sharp rise of 19.5% in PPI of Q1, 2012 over Q1, 2011 (year-on-year comparison) is attributable to the increases in indices of “Mining”: 22.8% and “Manufacturing”: 7.9%.

The steep increase in “Mining” Group PPI is mainly due to the hikes noticed in Natural gas: 36.8%, Condensate produced by the oil extraction: 29.6%, Crude oil 17.4%:, and Condensate produced by the gas extraction 13.9%.

“Manufacturing” group PPI has increased by 7.9%. While the Refined petroleum products, Dairy products, and Metal products in this period went up by 12.5%, 6.9% and 4.2% respectively; the Grain products, Cement & Glass products and Beverages products showed declining trend of 4.8%, 1.3% and 0.1% respectively. 

“Electricity & Water” group in PPI showed a rise of 0.5%.

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