Qatar’s IPI drops 0.6% MoM in October

Mubasher: Qatar’s industrial production index (IPI) inched down 0.6% month-on-month to 108.1 points in October, compared to 108.8 points, the Ministry of Development Planning and Statistics (MDPS) said in a statement on Wednesday.

The manufacturing index of the world’s biggest liquefied natural gas (LNG) exporter consists of three main sectors, namely mining that represents 83.6%, while manufacturing, electricity, and water segments make up 15.2%, 0.7%, and 0.5%, respectively.

MPDS attributed the monthly fall of IPI to a 1.1% decline in the mining sector.

On the other hand, manufacturing segment rose 2.3%.

Year-on-year, Qatar’s IPI remained unchanged during October at the same level of 2017 at 108.1 points.

Mubasher Contribution Time: 12-Dec-2018 10:20 (GMT)
Mubasher Last Update Time: 12-Dec-2018 10:27 (GMT)