Qatar’s IPI rises 0.8% in December 2017

Mubasher: Qatar’s industrial production index (IPI) grew 0.8% year-on-year in December to 105.3 points, compared to 104.5 points in the same period in 2016, the Ministry of Development Planning and Statistics (MDPS) said in a statement on Tuesday.

The manufacturing index of the world’s biggest exporter of liquefied natural gas (LNG) consists of three main components: Mining represents 83.6%, while manufacturing, electricity and water account for 15.2%, 0.7% and 0.5%, respectively.

Doha's industrial sector levelled up 6.9% after the growth of seven subgroups topped by manufacturing of refined petroleum products with 26.5%.

While the manufacturing of basic metals, food products and printing and reproducing of recorded media advanced by 23.9%, 21.7% and 3.6%, respectively, the ministry's data showed.

On the other hand, the manufacturing of cement and other non-metallic mineral products declined 5.2%.

Month-on-month, the IPI of the world's richest country per capita recorded 6.2% rise in the last month of 2017 on the back of the mining sector's 1.2% increase.

Moreover, the manufacturing sector went up 3.5 in December compared to a month earlier due to the higher production of four groups topped by manufacturing of chemicals and chemical products by 6.7%, while the manufacturing of refined petroleum products led four declining groups after retreating 7.5%.

The electricity sector slid 19.2% month-on-month in December, while the water sector edged down 1%, according to the data. 

 

 

Mubasher Contribution Time: 20-Feb-2018 09:50 (GMT)
Mubasher Last Update Time: 20-Feb-2018 10:10 (GMT)