Posted on January 25, 2016

Ministry of Development Planning and Statistics (MDPS) have released the Monthly Producer Price Index (PPI) of the Industrial sector for November 2015 with the base year 2013. Producer price index covers goods relating to “Mining” (weight: 72.7%), “Electricity & Water” (weight: 0.5%) and “Manufacturing” (weight: 26.8%).

Mining

The PPI of November, 2015 shows a fall of 7.5% when compared with PPI of October 2015, primarily due to the decreased in prices of “Crude petroleum and natural gas”. PPI of November 2015, when compared with its counterpart in the previous year, there has been a significant fall of 43.2%. Figure (1) shows the movement of “Mining” index during November 2014 and November 2015.

Manufacturing

A decrease of 1.2% has been observed in November, 2015, when compared with the previous month’s Manufacturing index during this year. The decreasing prices are noticed in “Basic Metals” by 5.8%, “Dairy products” by 4.2%, “Grain mill products” by 2.0%. “Basic chemicals” by 1.8%, “Refined Petroleum Products” by 0.2%, “Rubber and plastics products” by 0.1%. However, the prices increase are seen in : “Other chemical products” by 1.7%, “Beverages” by 0.8%, “Juices” by 0.4%, and “Cement and other non-metallic products” by 0.2%.

Monthly Producer Price Index of 2 [qatarisbooming.com].jpg

Comparing with the index of counterpart in the previous year (November 2014), “Manufacturing” PPI of November, 2015 showed a sharp decline of 27.6%. The major groups which explain this price fall are ”Basic Metals” by 31.5%, “Refined Petroleum Products” by 30.6%, “Basic chemicals” by 25.2%, “Other chemical products” by 5.2%, “Dairy products” by 2.4%. However, prices rise are also noticed in: “Cement and other non-metallic products” by 11.7%, “Juices” by 5.2%, and “Beverages” by 3.3%.

Figure (2) shows the graphical presentation of “Manufacturing” index during November, 2014-2015.

Electricity and water

The PPI of this group showed an increase of 5.6% compared to October 2015, resulting from the rising price seen in “Water” by 10.8% and “Electricity” by 2.3%. When compared the PPI of November, 2015, to the PPI of November, 2014, showed a decrease [Y-o-Y] of 2.1%, resulting from the price slip seen in “Electricity” by 2.3%, and “Water” by 1.8%.

Overall Index (PPI of Industrial sector)

The PPI for November, 2015 is estimated at 52.9 points showing a decrease of 5.4% compared to the previous month’s (October 2015), due to the decline that have been noticed in the “Mining (which includes crude oil and natural gas)”, “Manufacturing”, and an increase in “Electricity and water”. On [Y-o-Y] basis, PPI of November, 2015 shows a steep fall of 38.6% when compared to the PPI of November 2014.

More details on monthly/annual comparison of indices are available in Table (1) and figures (3) and (4) of the Press Release. Further detailed data and indices would be available on the Ministry’s website, www.mdps.gov.qa and Qatar Information Exchange, www.qalm.gov.qa

click here to view the tables and figures

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