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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