(MENAFN- The Peninsula) The Peninsula
DOHA: The monthly Industrial Production Index (IPI) for March 2018 stood at 103.4 points, showing a marginal decrease of 0.5 percent compared to the previous month (February-2018). When compared on year-on-year basis, the IPI index has decreased by 4.4 percent compared to the corresponding month of 2017, official data show.
The industrial production index (IPI), issued the Ministry of Development Planning and Statistics (MDPS), study and analyze the economic activities in various sectors of the state, which include the growth of various industrial sectors of the local economy, including mining, quarrying, water and electricity production, and manufacturing sector.
It is a short-term quantitative index that measures the changes in the volume of production of a selected basket of industrial products over a given period with respect to that in a chosen period called the base period.
The IPI consists of three main components: mining with a relative importance of 83.6 percent, manufacturing with a relative importance of 15.2 percent, electricity with a relative importance of 0.7 percent, and finally water with a relative importance of 0.5 percent.
The 'Mining sector's index showed a decrease by 1.0 percent compared to the previous month (February of 2018), as a result of the decrease in the quantities of crude oil and natural gas produced by 1.0 percent, and increase in 'Other mining and quarrying by 2.8 percent. When compared to the corresponding month of the previous year (March 2017), the IPI of Mining sector decreased by 4.9 percent.
With regard to the 'Manufacturing sector index, an increase of 1.4 percent was recorded in March 2018 compared to the previous month (February-2018), due to the increase in production of seven groups: 'Manufacture of basic metals by 10.9 percent, 'Manufacture of rubber and plastics products by 7.3 percent, 'Manufacture of Cement & other non-metallic mineral products by 6.0 percent, 'Manufacture of beverages by 5.9 percent,
'Manufacture of food products by 5.4 percent,' Printing and reproduction of recorded media by 1.2 percent, 'Manufacture of chemicals and chemical products by 0.6 percent. However a decrease was recorded in:Manufacture of refined petroleum products by 2.7 percent.
On the other hand, in terms of annual change, comparing to March 2017, a decrease of 1.4 percent was recorded, affected by the following groups: 'Manufacture of refined petroleum products by 7.4 percent, 'Manufacture of chemicals and chemical products 'by 1.9 percent.
However, a rise was recorded in 'Manufacture of beverages by 26.5 percent, 'Manufacture of food products by 24.0 percent, 'Manufacture of rubber and plastics products by 13.5 percent, 'Manufacture of Cement & other non-metallic mineral products by 9.4 percent ,'Manufacture of basic metals by 2.8 percent, 'Printing and reproduction of recorded media by 2.6 percent.
In the 'Electricity sector, an increase of 14.3 percent in the production of 'Electricity group between March 2018 and the previous month (February-2018), while the annual decrease (comparing with March 2017), was 7.0 percent.
For the 'Water sector, when comparing March 2018 with the previous month, an increase of 4.8 percent was noticed, and a decrease of 10.8 percent was recorded when comparing with the corresponding month (March 2017) in the previous year.
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