Doha: Machinery and Equipment Price Index (MEPI) for the second half 2022 which reached 100.19 points increased by 0.17 percent compared with the second half of 2021, and a 0.72 percent increase of MEPI, when compared with the counterpart of the previous year 2021 according to the Planning and Statistics Authority (PSA) data released yesterday.
An analysis on H-o-H basis of MEPI second half, 2022 against first half, 2021 shows that seven of the main groups had increased.
The groups that had increased are: “Musical instruments” by 5.0 percent, “Office, accounting and computing machinery” by 3.75 percent, “Metal tools and tools” by 2.95 percent, “Medical appliances precision and optical” by 2.38 percent, and “Machinery and electrical appliances” by 0.81 percent,”General, purpose machinery” by 0.48 percent, and “Special purpose machines” by 0.05 percent, a decrease recorded in “Radio, television and communication equipment” by 3.27 percent, “Transport” by 1.28 percent.
A comparison of the MEPI of second half, 2022 with the second half, 2021, showed that, there has been an increase by 0.72 percent, affected by prices rise in groups, namely: “Metal tools and tools” by 18.27 percent, “Musical instruments” by 3.69 percent, “Office, accounting and computing machinery” by 1.44 percent, and “General, purpose machinery” by 1.25 percent, “Transport” by 1.06 percent.
“Special-purpose machines” by 0.80 percent. As for decrease, it was recorded in three groups that were “Radio,television and communication equipment” by 2.83 percent, “Machinery and electrical appliances” by 1.41 percent, and “Medical appliances precision and optical” by 0.16 percent.
The MEPI is one the economic indicators produced by the Authority. This indicator calculated as semi - annual, with base year 2013.
