Qatar’s industrial sector continued to gain traction as it witnessed 2.4% jump month-on-month in the producer price index (PPI) in February this year, mainly on the back of hydrocarbons and certain manufactured products as basic chemicals and other chemical products, according to official estimates.
Qatar's PPI – a measure of the average selling prices received by the domestic producers for their output – however saw a 2% year-on-year decline, said the figures released by the Planning and Statistics Authority (PSA).
The PSA had released a new PPI series in late 2015. With a base of 2013, it draws on an updated sampling frame and new weights. The previous sampling frame dates from 2006, when the Qatari economy was much smaller than today and the range of products made domestically much narrower.
The mining PPI, which carries the maximum weight of 72.7%, reported a robust 2.9% surge on a monthly basis in February 2021 as the selling price of crude petroleum and natural gas was seen gaining 2.9% and that of stone, sand and clay by 0.5%.
The mining PPI registered 3.4% shrinkage on a yearly basis in February this year on the back of a 3.4% slump in the selling price of crude petroleum and natural gas and 5.3% in stone, sand and clay.
The manufacturing sector, which has a weight of 26.8% in the PPI basket, witnessed a 1.3% increase month-on-month in February 2021 on a 5.8% jump in the price of basic chemicals, 4.6% in other chemical products and fibres, 0.5% in refined petroleum products, 0.4% in rubber and plastics products and 0.1% each in basic metals and grain mill and other products.
Nevertheless, there was a 7.2% decline in the price of cement and other non-metallic mineral products, 0.6% in dairy products and 0.1% in beverages.
The manufacturing sector PPI had seen a yearly 0.8% expansion in February 2021 as the selling price of basic metals had shot up 18.7%, paper and paper products (7.9%), basic chemicals (7.5%), juices (6.4%), rubber and plastics products (1.2%), dairy products (0.5%) and beverages (0.1%).
However, there was 14.8% plunge in the price of cement and other non-metallic mineral products, 2.8% each in refined petroleum products and other chemical products and fibres and 0.4% in grain mill and other products.
The utilities group, which has a mere 0.5% weightage in the PPI basket, saw its index surge 7.4% on monthly basis because the selling prices of electricity and water were seen rising 10.5% and 3.3% respectively in February 2021.
The index had seen a 6.3% growth year-on-year this February with the selling price of water and electricity soaring 10.2% and 3.6% respectively.
Qatar's PPI – a measure of the average selling prices received by the domestic producers for their output – however saw a 2% year-on-year decline, said the figures released by the Planning and Statistics Authority (PSA).
The PSA had released a new PPI series in late 2015. With a base of 2013, it draws on an updated sampling frame and new weights. The previous sampling frame dates from 2006, when the Qatari economy was much smaller than today and the range of products made domestically much narrower.
The mining PPI, which carries the maximum weight of 72.7%, reported a robust 2.9% surge on a monthly basis in February 2021 as the selling price of crude petroleum and natural gas was seen gaining 2.9% and that of stone, sand and clay by 0.5%.
The mining PPI registered 3.4% shrinkage on a yearly basis in February this year on the back of a 3.4% slump in the selling price of crude petroleum and natural gas and 5.3% in stone, sand and clay.
The manufacturing sector, which has a weight of 26.8% in the PPI basket, witnessed a 1.3% increase month-on-month in February 2021 on a 5.8% jump in the price of basic chemicals, 4.6% in other chemical products and fibres, 0.5% in refined petroleum products, 0.4% in rubber and plastics products and 0.1% each in basic metals and grain mill and other products.
Nevertheless, there was a 7.2% decline in the price of cement and other non-metallic mineral products, 0.6% in dairy products and 0.1% in beverages.
The manufacturing sector PPI had seen a yearly 0.8% expansion in February 2021 as the selling price of basic metals had shot up 18.7%, paper and paper products (7.9%), basic chemicals (7.5%), juices (6.4%), rubber and plastics products (1.2%), dairy products (0.5%) and beverages (0.1%).
However, there was 14.8% plunge in the price of cement and other non-metallic mineral products, 2.8% each in refined petroleum products and other chemical products and fibres and 0.4% in grain mill and other products.
The utilities group, which has a mere 0.5% weightage in the PPI basket, saw its index surge 7.4% on monthly basis because the selling prices of electricity and water were seen rising 10.5% and 3.3% respectively in February 2021.
The index had seen a 6.3% growth year-on-year this February with the selling price of water and electricity soaring 10.2% and 3.6% respectively.