Mubasher: The Producer Prices General Index (PPI) in Kuwait rose 15.12% year-on-year in the third quarter of 2017.
The PPI recorded 74.6 points in Q3-17 from 64.8 points in Q3-16, according to the data of the Kuwait Central Statistical Bureau (CSB).
The extractive industries index bolstered the PPI with a 17.44% growth, due to an increase in the index "crude oil" prices by 17.30%.
The manufacturing industry index increased 13.31% as the "refined oil" prices lift by 20.77%.
The PPI levelled up 6.88% quarter-on-quarter in Q3-17, compared to Q2-17 2017.
On a quarterly basis, the extractive industries index increased 7.60% as a result of an increase in the index “crude oil” prices by 7.45%.
Likewise, the manufacturing industry index rose 6.58%, due to an increase in the index "refined oil" prices by 9.91%.
The PPI rose 6.11% month-on-month in September as the "extractive industries" prices, the manufacturing industry index, and the "refined oil” prices grew by 7.15%, 5.02%, and 7.75%, respectively.
The water and electricity group remained stable during September, compared to August.
