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FinancialNews
07-03-20
Qatar's industrial sector sees decline in earnings within hydrocarbons, manufacturing sectors
(MENAFN) Official statistics showed that, Qatar's industrial sector witnessed a decrease in income within hydrocarbons and manufacturing sectors, causing its producers' price index (PPI) drop 3.2 percent yearly in January 2020.
Figures released by the Planning and Statistics Authority (PSA) showed that, Qatar's PPI decreased 0.8 percent monthly.
In late 2015, the PSA had released a new PPI series with a base of 2013; it draws on an updated sampling frame and new weights and the last sampling frame dates from 2006, when the Qatari economy was much smaller than today and the range of products made domestically much narrower.
The mining PPI, which holds the maximum weight of 72.7 percent, tanked 3.7 percent every year as the index of crude petroleum and natural gas dropped 3.7 percent and that of stone, sand and clay 3 percent at the review period.
MENAFN0703202000450000ID1099815836
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