Qatar’s industrial production up 1.2% m-o-m in July: PSA
Gulf Times
The mining and quarrying index, which has a relative weight of 83.6%, saw a 1.2% increase on a monthly basis owing to a 1.2% expansion in the extraction of crude petroleum and natural gas, even as there was a 5.2% decline in other mining and quarrying sectors. File picture: A view of the Qatargas offshore facilities at North Field
Higher extraction of hydrocarbons and faster pace in the production, especially of refined petroleum products and chemicals, led Doha's industrial production index (IPI) jump 1.2% month-on-month in July, according to the Planning and Statistics Authority (PSA).
The country’s IPI however saw a 6.3% year-on-year shrinkage in July 2021. The PSA introduced IPI, 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 a base period 2013.
The mining and quarrying index, which has a relative weight of 83.6%, saw a 1.2% increase on a monthly basis owing to a 1.2% expansion in the extraction of crude petroleum and natural gas, even as there was a 5.2% decline in other mining and quarrying sectors.
On a yearly basis, the index showed a 6.7% decline on account of a 6.7% decrease in the extraction of crude petroleum and natural gas; while there was a 14.4% growth in other mining and quarrying sectors.
