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Qatar IPI jumps 7.4% in September

Qatar IPI jumps 7.4% in September
Qatar IPI jumps 7.4% in September

Mubasher:  Doha’s industrial production index (IPI) rose 7.4% year-on-year in September  to 111,900 points, compared to 104,200 points in the same period in 2016, the Ministry of Development Planning and Statistics (MDPS) said in a statement on Tuesday.

IPI consists of three main components: mining represents 83.6%, while manufacturing, electricity and water account for 15.2%, 0.7% and 0.5%, respectively.

Mining sector grew 8.2% year-on-year after oil and gas output climbed 8.3%, while quarries declined 18.3%, boosting IPI.

Manufacturing sector rose 3.2% on the hike of refined oil products by 36.1%, as well as the surge of food industries, printing and reproduction of recorded media, metallurgical industries by 36.1%, 23.5%, 7.4% and 0.4%, respectively, according to the statement.  Similarly, the electricity sector saw 13% year- on- year increase in September, while the water sector decreased 6.5%.

Qatar’s IPI recorded 6.2% month-on-month increase on the growth of the mining sector by 8.3%.