Qatar’s IPI grows 2% in February

Mubasher: Qatar’s industrial production index (IPI) leaped 2% year-on-year in February to 103.9 points, compared to 101.9 points in the same period a year earlier, the Ministry of Development Planning and Statistics (MDPS) said in a statement.

The manufacturing index of the world’s biggest liquefied natural gas (LNG) exporter consists of three main components: Mining represents 83.6%, while manufacturing, electricity and water account for 15.2%, 0.7% and 0.5%, respectively.

The statement attributed the increase to the growth of mining by 1.4%, in addition to the increase in other mining and quarrying and the quantities of crude oil and natural gas produced by 9.7% and 1.4%, respectively.

While the manufacturing group levelled up 5.7% due to the growth of six subgroups topped by manufacturing of refined petroleum products with 10.1%, the ministry's data showed.

Electricity and gas supplies rose 5.5%, while water declined 3.8%, the ministry said. 

Month-on-month, the IPI of the world's richest country per capita decreased 2.5% in the second month of 2018 on the back of the mining sector's 1.9% drop.

Mubasher Contribution Time: 22-Apr-2018 10:42 (GMT)
Mubasher Last Update Time: 22-Apr-2018 11:05 (GMT)