MDPS Releases Monthly Producer Price Index of Industrial Sector

Doha, June 28 (QNA) - The Ministry of Development Planning and Statistics (MDPS) have released the Monthly Producer Price Index (PPI) of the Industrial sector for April 2016 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%). The PPI of the mining group for April, 2016 shows a rise of 1.1% when compared with PPI of March 2016, primarily due to the increased in prices of "Crude petroleum and natural gas" by 1.3%. PPI of April 2016, when compared with its counterpart in the previous year, there has been a significant fall of 35.2%. In manufacturing, an increase of 2.4% has been observed in April, 2016, when compared with the previous months manufacturing index during this year. The increasing prices are noticed in "Other chemical products" by 5.2%, "Refined Petroleum Products" by 3.9%,"Rubber and plastics products" by 3.1%,"Beverages" by 1.1%, "Basic Metals" by 0.9%, "Juices" by 0.4%, "Basic chemicals" and "Cement and other non-metallic products" by 0.3% each. However, the prices decreases are seen in: "Dairy products" by 0.6% and "Grain mill products" by 0.2%. No change was noticed in Paper and Paper Products. Comparing with the index of counterpart in the previous year (April 2015), "Manufacturing" PPI of April, 2016 showed a sharp decline of 17.9%. The major groups which explain this price fall are "Refined Petroleum Products" by 22.6%, "Basic Metals" by 19.7%, "Basic chemicals" by 10.9%, "Dairy products" by 1.8%. However, prices rise are also noticed in "Juices" by 10.1%, "Cement and other non-metallic products" by 8.1%, "Other chemical products" by 4.0%, and "Beverages" by 1.7%. The PPI of the electricity and water group showed a decrease of 1.6% compared to March 2016, resulting from a decline in "Water" by 4.8%, while a rise in "Electricity" by 0.8%. When compared the PPI of April, 2016 to the PPI of April, 2015 showed an increase Y-o-Y of 2.1%, resulting from the price rising in "Water" by 2.7% and "Electricity" by 1.5%. In Overall Index (PPI of Industrial sector), the PPI for April, 2016 is estimated at 43.8 points showing an increase of 1.6% compared to the previous months March 2016, due to an increasing that have been noticed in the "Mining" (which includes crude oil and natural gas), and "Manufacturing". Also a decreasing have been occurred in "Electricity and water". On Y-o-Y basis, PPI of April, 2016 showed a steep fall of 29.6% when compared to the PPI of April 2015. (QNA)