March industry PPI down 1.1pc

June 02, 2014 - 6:43:54 am

DOHA: The monthly Producer Price Index (PPI) of the industrial sector for March, 2014 stood at 175.2 (Base 2006=100), which shows decreases of 1.1 percent and 0.4 percent when compared to the PPIs of February 2014 and of March 2013, respectively, data released by the Ministry of Development Planning and Statistics (MDPS) showed.

‘Mining’ group (with 77 percent weight) PPI has decreased by 0.4 percent, primarily due to the overall price decrease seen in the ‘crude petroleum and natural gas’ group by the same percentage.

‘Manufacturing’ group (with a weight of 21 percent) shows a decline of 4.7 percent. The fall is explained by the combined effect of decreasing prices, seen in: refined petroleum products by 6.2 percent, basic metals by 2.9 percent, cement and other

non-metallic products by

1.9 percent, basic chemicals by

2.2 percent, beverages by

1.3 percent and dairy products by 0.1 percent.

The PPI for “Electricity and Water” shows a decline of 1.2 percent, resulting from the price falls seen in electricity and water by 1.1 percent each.

The overall PPI of March, 2014, compared to the Producer Price Index of March, 2013, has decreased by 0.4 percent.

The mining group Producer Price Index shows a decrease of 0.2 percent, primarily due to the price fall seen in crude petroleum and natural gas group by the similar percentage.

The manufacturing group PPI shows a decrease of 1.6 percent in March, 2014, when compared to the PPI of March, 2013.

The major groups which explain this price decline include: refined petroleum products by

5 percent, dairy products by

2.8 percent, beverages by

2.1 percent and cement and

other non-metallic products by 0.2 percent.

However, prices rises are noticed in basic metals by 8.4 percent, Basic chemicals by 3.6 percent, grain mill and other products by 0.8 percent.

The PPI for electricity and water, showed an increase of 0.5 percent, resulting from the combined effect of price rise seen in water by 4.4 percent and price fall noticed in electricity by 1.7 percent.

The Peninsula