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FINANCIAL NEWS
Qatar’s industrial sector’s PPI slips 1% in Q4
04 Apr 2012
(MENAFN) Qatar Statistics Authority (QSA) said that the Producer Price Index (PPI) for the country’s industrial sector in 2011’s fourth quarter slipped 1 percent from the previous quarter to 163.4, reported The Peninsula.
The agency added that the decline resulted from a 5.4 percent drop in prices recorded in the manufacturing sector, a 2 percent fall in Electricity & Water prices and a 0.1 percent gain in prices in the mining sector.
It also said that the drop of 5.4 percent in the manufacturing group’s PPI resulted from a 6 percent decline in refined petroleum products, 7.4 percent slump in basic chemicals products and a 0.5 percent dip in metal products group.
It is worth noting that fourth-quarter PPI increased 29 percent over 2010’s same period due to gains in indices of mining, which jumped 35.3 percent and manufacturing, which rose 8.5 percent.
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