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Qatar industrial sector hikes 7.1% in November

Qatar industrial sector hikes 7.1% in November
The general PPI consists of three main components

Mubasher: The Qatari industrial production index (IPI) hiked 7.1% year-on-year to 103.9 points in November 2017, from 97 points in the same period a year earlier, according to the Ministry of Development Planning and Statistics’ (MDPS) data.

The general PPI consists of three main components: Mining accounted for 83.6%, while manufacturing, electricity and water made up 15.2%, 0.7% and 0.5%, respectively, the data revealed on Tuesday.

The PPI surged on the back of the mining sector’s growth with 7.2%, encouraged by the hike of oil and natural gas production and 2.8% increase in other mining and quarrying businesses.

Similarly, the manufacturing production hiked 601%, led by refined oil products which surged 35.1%.

The manufacturing sector shrugged off the drop in rubber and plastic industry which decreased 8.3%, while cement and other non-metallic mineral products fell 11.7%, the data showed. 

Moreover, the production of electricity, gas, steam and air-conditioning levelled up 14.9%, whereas water supply decreased 2%.