Doha, Qatar’s Industrial Production index (IPI) reached 105.2 points in August 2023, a decline by 2.1% compared to the previous month (July 2023), and decreased by 0.6%, when compared to the corresponding month in 2022.
Released by the Planning and Statistics Authority, the IPI is a short-term quantitative index that measures the growth of various industrial sectors in economy. The relative weight of main economic sectors under this indicator include, Mining (82.46%), Manufacturing (15.85%), Electricity (1.16%), Water (0.53%).
Data released by the Planning and Statistics Authority on Tuesday showed a decrease by 3.2% in the Mining sector due to the decrease in the quantities of “crude oil petroleum and natural gas” with the same percentage, while “other mining and quarrying” increased by 2.0%. When compared to the corresponding month of the previous year (August 2022), the IPI of Mining decreased by 0.3% due to the decrease in the quantities of “crude oil petroleum and natural gas” with the same percentage, while “other mining and quarrying” increased by 1.3%.
The index of the Manufacturing sector showed an increase by 2.2% in August 2023 compared to the previous month (July 2023), The groups showed an increase include: “Manufacture of chemicals and chemical products”, and “Manufacture of basic metals” by 2.8% each, followed by “Manufacture of Cement and other non-metallic mineral products” by 2.6%,”Manufacture of beverages” by 1.9%,”Manufacture of food products” by 1.2%, and “Manufacture of rubber and plastics products” by 0.1%, However, a decrease was recorded in “Manufacture of refined petroleum products” by 0.5%. No change noticed in group of “Printing and reproduction of recorded media.
On the other hand, in terms of annual change, comparing to August 2022, a decrease of 3.1% was recorded, due to the decrease in “Manufacture of refined petroleum products” by 9.5%, Printing and reproduction of recorded media by 9.1%, “Manufacture of rubber and plastics products” by 6.6%, “Manufacture of chemicals and chemical products” by 3.7%, “Manufacture of food products” by 2.0%, and “Manufacture of Cement and other non-metallic mineral products” by 1.6%. However, an increase recorded in “Manufacture of basic metals” by 6.0%, and “Manufacture of beverages” by 4.8%.
In the Electricity, Gas, Supply sector, an increase of 7.9% was noticed in the production of “Electricity” between August 2023 and the previous month (July 2023). Comparing with the corresponding month (August 2022), an increase of 9.5% was recorded.
In the Water Supply sector, an increase of 2.6% was noticed in the production of ‘Water” between August 2023 and the previous month (July 2023). Compared with the corresponding month (August 2022), an increase of 4.6% was recorded.
Source: Qatar News Agency
