Doha: Qatar Statistics Authority (QSA) has released the Producer Price Index (PPI) of the industrial sector for the second quarter (Q2) of 2012. The industrial sector covers mining, electricity & water and manufacturing.
The PPI for Q2 of 2012 stood at 169.9 showing a decline of 4.3 percent when compared to the PPI of the first quarter (Q1) of 2012. In the “mining” group, the PPI dropped by 3.9 percent. This fall is the combined effect of decline in the prices of condensate produced by the oil extraction (11.7 percent), condensate produced by the gas extraction (9 percent), crude oil (7 percent) and the increase in the price of natural gas (3.8 percent).
The decrease of 6.4 percent in the PPI for the “manufacturing” group is explained by the decrease in the following product groups: Refined petroleum products (10.4 percent), iron and steel industry products (5.1 percent), dairy products (2.8 percent), beverages (0.7 percent) and grain mill and other products (0.1 percent) and increases in basic chemical (2.4 percent) and cement and glass products (0.9 percent).
The PPI for “electricity & water” showed an increase of 4.2 percent the combined effect of a the 1.8 percent rise in the price of electricity and 8.7 percent rise in the price of water.
The year-on-year comparison (PPI of Q2 of 2012 compared to PPI of Q1 of 2012) shows a rise of 3.6 percent. Producer prices for “mining” was 6.1 percent higher, while prices of “manufacturing” dropped by 6.8 percent and that of electricity and water went up marginally by 4.1 percent.
Within mining, there was a hike in the prices of natural gas (27.1 percent) but decreases in the price of condensate produced by the oil extraction (8.5 percent), condensate produced by the gas extraction (6.2 percent), and that of crude oil (1.3 percent).
The PPI for “manufacturing” group decreased by 6.8 percent mainly resulting from the fall in the prices of all the sub groups with the exception of dairy products and beverages.
Prices of refined petroleum products dropped by 8.4 percent, iron and steel industry (2.4 percent), basic chemicals (6.1 percent) and cement and glass products (0.6 percent). The prices of dairy products were 2.3 percent higher and that of beverage products, 1.5 percent higher.
The PPI for the “electricity & water” group showed an increase of 4.1 percent: An 11 percent increase in the price of water, and 0.5 percent rise in the price of electricity. QNA
