Qatar’s industrial production up 1.2% m-o-m in July: PSA
September 19 2021 06:36 PM
A view of the Qatargas offshore facilities at North Field
The mining and quarrying index, which has a relative weight of 83.6%, saw a 1.2% increase on a monthly basis owing to a 1.2% expansion in the extraction of crude petroleum and natural gas, even as there was a 5.2% decline in other mining and quarrying sectors. File picture: A view of the Qatargas offshore facilities at North Field

Higher extraction of hydrocarbons and faster pace in the production, especially of refined petroleum products and chemicals, led Doha's industrial production index (IPI) jump 1.2% month-on-month in July, according to the Planning and Statistics Authority (PSA).

The country’s IPI however saw a 6.3% year-on-year shrinkage in July 2021. The PSA introduced IPI, a short-term quantitative index that measures the changes in the volume of production of a selected basket of industrial products over a given period with respect to a base period 2013.

The mining and quarrying index, which has a relative weight of 83.6%, saw a 1.2% increase on a monthly basis owing to a 1.2% expansion in the extraction of crude petroleum and natural gas, even as there was a 5.2% decline in other mining and quarrying sectors.

On a yearly basis, the index showed a 6.7% decline on account of a 6.7% decrease in the extraction of crude petroleum and natural gas; while there was a 14.4% growth in other mining and quarrying sectors.

The manufacturing index, with a relative weight of 15.2%, was up 0.8% month-on-month in July 2021 on account of 12.3% surge in the production of refined petroleum products and 1% in chemicals and chemical products.

Nevertheless, there was a 17.8% plunge in the printing and reproduction of recorded media, 8.7% in the production of cement and other non-metallic mineral products, 6.5% in food products, 6.1% in basic metals, 3.7% in rubber and plastics products and 23.1% in beverages.

On a yearly basis, the manufacturing index tanked 4.1% in July this year owing to 15.9% shrinkage in the production of beverages, 10.2% in refined petroleum products, 6.7% in food products and 5% in chemicals and chemical products.

However, there was an 11.6% expansion in the production of cement and other non-metallic mineral products, 9% in rubber and plastics products and 3.4% in basic metals.

Electricity, which has 0.7% weight in the IPI basket, saw its index zoom 16% month-on-month but decline 5.7% on a monthly basis this July.

In the case of water, which has a 0.5% weight, there was a 2.4% increase on a monthly basis, even as it reported 20.8% contraction year-on-year in July 2021.



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