Mubasher: The Producer Prices Index (PPI) in Kuwait dropped 9.24% year-on-year in the third quarter of 2016, as per the data of the Kuwaiti Central Statistical Bureau.
The index for the extractive industries group declined by 12.27%, as a result of the decrease in the index of oil extraction prices by 12.42%.
The index of the manufacturing industry grew by 2.39%, as a result of the increase in the oil refining prices index by 3.65%.
Meanwhile, the Producer Prices General Index went up by 4.01% compared to the previous quarter Q2-16, the report indicated.
