Doha – Mubasher: Qatar's Producer Price Index (PPI) of the industrial sector hit 55.8 points in September, falling 3% month-on-month and 40.4% year-on-year, the Ministry of Development Planning and Statistics announced on Thursday.
The index is formed by three main sectors, of which mining accounts for 72.75%, electricity and water (0.5%) and manufacturing (26.8%).
The mining sector dropped by 1.5% in September compared to the previous month, as result for the fall in prices of crude oil and natural gas with the same percentage, and plummeted by 43.7% compared to the same period last year.
The statistics also showed a 6.2% fall in the manufacturing sector for the period, weighed down by segments such as chemical materials which lost -9.7%, petroleum refining products (-5.7%), other chemical products (-5.5%) and metal industries (-5%).
Also, the electricity and water sector slipped 2.8% m/m in September and 5.6% y/y.
