Doha: Qatar’s Industrial Production Index (IPI) for August 2022 stood at 105.8 points, showing an increase of 1.2 percent compared to the previous month (July 2022). When compared year-on-year (Y-o-Y) basis, the IPI index has also increased by 7.3 percent, data released by the Planning and Statistics Authority (PSA) showed yesterday.
The Planning and Statistics Authority (PSA) has issued a new version of press release of industrial production index for August 2022, calculated using 2018 as a base year. By changing the base year, the relative weight of main economic sectors under this indicator are changed also, therefore “Mining” 82.46%, “Manufacturing” 15.85%, “Electricity production” 1.16%, “Water production” 0.53%. This indicator 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, it studies and analysis the economic level of the state, and the growth of various industrial sectors in economy index details.
The index of ‘Mining’ sector showed an increase by 0.6% compared to the previous month (July 2022), because of the increase in the quantities of “crude oil petroleum and natural gas” with the same percentage, while “Other mining and quarrying” decreased by 2.7%.
When compared to the corresponding month of the previous year (August 2021), the IPI of Mining increased by 7.3%.
The index of ‘Manufacturing’ sector showed an increase by 4.4% compared to the previous month (July 2022),
The groups showed an increase include: “Manufacture of chemicals and chemical products” by 6.8%, followed by “Manufacture of food products” by 6.2%, “Manufacture of refined petroleum products” by 5.4%, “Printing and reproduction of recorded media’’ by 3.2%, “Manufacture of beverages” by 2.3%, and “Manufacture of rubber and plastics products” by 0.8%.
However, a decrease was recorded in “Manufacture of basic metals” by 2.1%. No change noticed in “Manufacture of Cement and other non-metallic mineral products”.
