Qatar's Industrial Production Index Rises 2.5% Y-o-Y in October 2022

Economy- Qatar Doha, December 20 (QNA) - The Industrial Production Index (IPI) rose by 2.5% in October 2022, compared to the corresponding month in 2021, reaching 99.0 points, a decrease by 3.3% compared to the previous month (September 2022). The index, issued by the Planning and Statistics Authority on Tuesday, showed a decrease in the Mining Sector by 4.2% in October, compared to the previous month (September 2022), because of the decrease in the quantities of "crude oil petroleum and natural gas" with the same percentage, while "Other mining and quarrying" increased by 2.7%. When compared to the corresponding month of the previous year (October 2021), the IPI of Mining increased by 2.2%. The IPI of the Manufacturing Sector showed an increase by 0.9% compared to the previous month. The groups showed an increase include: "Manufacture of chemicals and chemical products" by 1.8%, followed by "Manufacture of beverages" by 1.4%, "Manufacture of refined petroleum products" by 1.3%, "Manufacture of food products" by 0.3%, and "Manufacture of Cement and other non-metallic mineral products" by 0.2%. However, a decrease was recorded in, "Manufacture of rubber and plastics products" by 4.6%, "Manufacture of basic metals" by 2.7%, and "Printing and reproduction of recorded media’’ by 0.6%. On the other hand, in terms of annual change, comparing to October 2021, an increase of 1.4% was recorded, and that due to the increase in "Manufacture of beverages" by 8.1%, followed by "Manufacture of chemicals and chemical products" by 7.1%, "Manufacture of food products" by 6.9%, and "Manufacture of refined petroleum products" by 2.2%. However, a decrease recorded in "Manufacture of basic metals" by 13.9%, "Manufacture of Cement & other non-metallic mineral products" by 10.0%, ‘’Printing and reproduction of recorded media’’ by 9.1%, and "Manufacture of rubber and plastics products" by 4.3%. In the Electricity, Gas, Supply Sector, a decrease of 3.0% was noticed in the production of "Electricity" between October 2022 and the previous month (September 2022). Comparing with corresponding month (October 2021), an increase of 17.9% was recorded. The IPI of the Water Supply Sector showed an increase of 3.0% in the production of "Water" between October 2022 and the previous month (September 2022). Comparing with corresponding month (October 2021), an increase of 38.5% was recorded. (QNA)