PPI industrial sector decreases by 1.10 percent in March

Doha, Qatar: The Producer Price Index (PPI) of the Industrial sector for March 2024 is estimated at 113.13 points showing a decrease of 1.10%, when co...

Doha, Qatar: The Producer Price Index (PPI) of the Industrial sector for March 2024 is estimated at 113.13 points showing a decrease of 1.10%, when compared to the previous month’s February 2024.

On Y-o-Y basis, PPI of March 2024 showed a decrease of 7.23%, when compared to the PPI of March 2023.

The relatives of the main four industry sectors become as follow: “Mining” (weight: 82.46%), “Manufacturing” (weight: 15.85%), “Electricity” (weight: 1.16%), and “Water” (weight: 0.53%).

According to the new PPI of the Industrial sector released by the Planning and Statistics Authority, the PPI of March 2024 for Mining and Quarrying sector showed a decrease of 1.27% when compared with PPI of February 2024, primarily due to the price decrease in “Crude petroleum and natural gas” by 1.28%, and no significant change in “Other mining and quarrying”. PPI of Mining of March 2024, when compared with its counterpart in previous year (March 2023), there was a decrease of 7.62%, due to the price decrease in “Crude petroleum and natural gas” by 7.65%, and “Other mining and quarrying” by 0.02%.

An increase of 0.06% has been recorded in March 2024, when compared with the previous month’s Manufacturing index (February 2024).