Industrial Production Index down by 3.1% in April

Doha: The National Planning Council has issued a press release in industrial production index for April 2024, calculated using 2018 as a base year, sh...

Doha: The National Planning Council has issued a press release in industrial production index for April 2024, calculated using 2018 as a base year, showing a decrease by 3.1 percent compared to the previous month (March 2024).

This indicator reflects the growth of details of the growth of the various industrial economic sectors that make up it, with a different relative weight they have, such “Mining and quarrying” 82.46 percent, “Manufacturing” 15.85 percent, “Electricity, gas, steam, and air conditioning supply” 1.16 percent, and “Water supply” 0.53 percent.

It is also a short-term quantitative index that measures the changes in the volume of productions of a selected basket of industrial products over a given period with respect to that in a chosen period called the base period, it studies and analysis the economic level of the state, and the growth of various industrial sectors in economy index details.

The Industrial Production index (IPI), April 2024 reached 100.1 point, decreased by 3.1 percent compared to the previous month (April 2024), and decreased by 5.9 percent, when compared to the corresponding month in 2023.

The index of the “Mining” sector showed a decrease by 3.3 percent compared to the previous month (March 2024), due to the decrease in the quantities of “crude oil petroleum and natural gas” with the same percentage, and “Other mining and quarrying” decreased by 5.7 percent.