Qatar's IPI Increases 19.85 Percent in October YoY

Doha, November 30 (QNA) - The Industrial Production index (IPI) for October 2022 reached to 154.49 points, recording an increase by 19.85 percent year-on-year, compared to the same period in 2021, while it recorded a decrease by 5.8 percent compared to September 2022. The IPI consists of four main components: "Mining" with a relative importance of 82.46 percent, "Manufacturing" with a relative importance of 15.85 percent, "Electricity" with a relative importance of 1.15 percent, and finally "Water" with a relative importance of 0.52 percent. Planning and Statistics Authority data showed Wednesday a decrease in the mining and quarrying sector index by 6.59 percent compared to the previous month (September 2022), as a result of the decrease in the prices of the extraction of crude oil petroleum and natural gas with the same percentage. While "Other mining and quarrying" remained unchanged. When compared to the corresponding month of the previous year (October 2021), the IPI of Mining increased by 23.86 percent. In the manufacturing sector, the index of this sector showed a decrease by 0.84 percent compared to the previous month (September 2022). The groups showed an increase include: "Manufacture of refined petroleum products" by 3.73 percent, followed by "Manufacture of basic metals" by 1.86 percent, and "Manufacture of rubber and plastics products" by 0.71 percent. However, a decrease was recorded in "Manufacture of food products" by 0.1 percent, followed by "Manufacture of chemicals and chemical products" by 0.05 percent, and "Manufacture of beverages" and "Manufacture of Cement & other non-metallic mineral products" by 0.01 percent each, while no change was recorded in "Printing and reproduction of recorded media" in October. On the other hand, in terms of annual change, comparing to October 2021, a decrease of 0.42 percent was recorded, and that due to the decrease in "Manufacture of chemicals and chemical products" by 6.31 percent, followed by "Printing and reproduction of recorded media" by 3.49 percent, while an increase was recorded in "Manufacture of rubber and plastics products" by 23.21 percent, followed by "Manufacture of refined petroleum products" by 13.11 percent, "Manufacture of basic metals" by 7.45 percent, "Manufacture of Cement & other non-metallic mineral products" by 5.22 percent, "Manufacture of food products" by 3.22 percent and "Manufacture of beverages" by 1.06 percent In the electricity and gas supply sector, an increase of 2.8 percent was noticed compared to the previous month (September 2022). Comparing with corresponding month (October 2021), an increase of 6.9 percent was recorded. In the water supply sector, a decrease of 1.42 percent was recorded compared to September 2022, and by 4.06 percent compared to October 2021. (QNA)