Qatar's IPI Increases 4.6 Percent Last June YoY

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The Industrial Production index (IPI) for June 2022 reached to 99.7 points, recording an increase by 4.6 percent compared to the previous month (May 2022), up by 1.1 percent year-on-year.

The IPI, issued by Planning and Statistics Authority, consists of three main components: "Mining" with a relative importance of 83.46 percent, "Manufacturing" with a relative importance of 15.85 percent, "Electricity" with a relative importance of 1.16 percent, and finally "Water" with a relative importance of 0.53 percent.

Planning and Statistics Authority data showed Monday an increase in the mining sector index by 0.5 percent compared to the previous month (May 2022), as a result of the increase in the quantities of "crude oil petroleum and natural gas" with the same percentage. While "Other mining and quarrying" increased by 1.9 percent. When compared to the corresponding month of the previous year (June 2021), the IPI of Mining increased by 4.7 percent.

In the manufacturing sector, the index of this sector showed an increase by 4.3 percent compared to the previous month (May 2022), The groups showed an increase include: "Manufacture of chemicals and chemical products" by 9.1 percent followed by "Manufacture of beverages" by 5.8 percent, "Manufacture of rubber and plastics products" by 3.9 percent, and "Manufacture of food products" by 0.4 percent. However, a decrease was recorded in "Manufacture of Cement and other non-metallic mineral products" by 3.2 percent, "Printing and reproduction of recorded media by 3.0 percent, "Manufacture of basic metals" by 1.5 percent, and "Manufacture of refined petroleum products" by 1.2 percent.

On the other hand, in terms of annual change, comparing to June 2021, an increase of 3.6 percent was recorded, and that due to the increase in "Manufacture of refined petroleum products" by 23.0 percent, "Manufacture of beverages" by 13.6 percent, "Manufacture of chemicals and chemical products" by 5.3 percent, "Manufacture of rubber and plastics products" by 4.7 percent, and "Manufacture of food products" by 0.9 percent. However, a decrease recorded in "Manufacture of basic metals" by 12.0 percent, Printing and reproduction of recorded media by 9.1 percent, and "Manufacture of Cement & other non-metallic mineral products" by 5.0 percent.

In the electricity and gas supply sector, an increase of 10.4 percent was noticed in the production of "Electricity" between June 2022 and the previous month (May 2022). Comparing with corresponding month (June 2021), an increase of 12.5 percent was recorded.

In the water supply sector, a decrease of 0.3 percent was noticed in the production of 'Water'' between June 2022 and the previous month (May 2022). Comparing with corresponding month (June 2021), an increase of 28.0 percent was recorded.

(QNA)