Qatar's Industrial Production index (IPI) reached 103.9 points in June 2023, rising by 4.2% in comparison with the previous month (May 2023), and by 4.2% 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 an increase in the Mining sector by 5.0% compared to the previous month (May 2023), because of the increase in the quantities of "crude oil petroleum and natural gas" with the same percentage, while "Other mining and quarrying" decreased by 1.1%. When compared to the corresponding month of the previous year (June 2022), the IPI of Mining increased by 5.3%.
The index of the Manufacturing sector showed a decrease by 0.4% compared to the previous month (May 2023). The groups that showed a decrease include: "Manufacture of basic metals" by 5.8%, followed by "Printing and reproduction of recorded media by 4.3%, "Manufacture of food products" by 1.0%, and "Manufacture of chemicals and chemical products" by 0.9%. However, an increase was recorded in "Manufacture of refined petroleum products" by 6.5%, "Manufacture of beverages" by 4.7%, "Manufacture of rubber and plastics products" by 2.7%, and "Manufacture of Cement and other non-metallic mineral products" by 0.1%.
On the other hand, in terms of annual change, comparing to June 2022, a decrease of 1.1% was recorded, due to the decrease in "Manufacture of Rubber and Plastics Products" by 11.3%, Printing and reproduction of recorded media by 9.1%, "Manufacture of refined petroleum products" by 6.3%, "Manufacture of Cement & other non-metallic mineral products" by 5.6%, and "Manufacture of basic metals" by 2.7%. However, an increase recorded in "Manufacture of food products" by 4.1%, "Manufacture of chemicals and chemical products" by 1.8%, and "Manufacture of beverages" by 0.4%.
In the Electricity, Gas, Supply sector, an increase of 8.4% was noticed in the production of Electricity between June 2023 and the previous month (May 2023). Comparing with the corresponding month (June 2022), a decrease of 0.8% was recorded.
In the Water Supply sector, an increase of 2.1% was noticed in the production of "Water" between June 2023 and the previous month (May 2023). Compared with the corresponding month (June 2022), an increase of 2.1% was recorded.
Source: Qatar News Agency